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Moody´s warns about the mortgage default.

The default on mortgages and on loans to companies not related to the construction sector registered a “high increase” in June that threatens the earnings of Spanish banks, as well as their capacity to comply with the capital requirements, as warned by the rating agency Moody´s.

“The figures show an accelerated erosion of the earnings of banks and of their capacity of complying with the capital´s requirements, which is negative for the credit from bondholders of Spanish banks”, the agency points out.

In this sense, it hopes that the figures of default from Spanish banks will continue increasing as a consequence of the persistent weakness of the economy of the country.