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Report: S&P Global restructures Spanish offices, dismisses managers

S&P Global dismissed its Spanish country manager and one of its managing directors as part of a restructuring effort undertaken by the company, Europapress reported March 20.

The company also dismissed three people working in analytics, according to the report, which added that the dismissed managers are Myriam Fernández and Jesús Martínez, who have both worked with S&P Global Ratings for 24 years.

The report said the move comes after Spain decided not to renew its agreement with S&P Global Ratings over the rating of its debt and to only keep a contract with Canadian rating agency DBRS. It said the company had not yet decided who would replace the managers.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.