Standard & Poor’s downgrades ratings on Argentine banks

Posted on June 19, 2014 • Filed under: Argentina, Business, Economy reported Standard & Poor’s Ratings Services lowered its global scale foreign currency ratings on Banco Hipotecario S.A., Banco Patagonia S.A., Banco de Galicia y Buenos Aires S.A., and Banco de la Provincia de Buenos Aires S.A. to ‘CCC-’ from ‘CCC+’. The outlook on these ratings is negative and reflects the outlook on the sovereign. Read Article

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