Moody's rates Ba3/Aaa.ar debt ratings to Banco Patagonia S.A. s proposed local currency notes
Moody's Latin America Agente de Calificación de Riesgo (MLA) assigned Ba3 and Aaa.ar global and national scale ratings to Banco Patagonia S.A.'s (Patagonia) class IV senior unsecured note issuance. The proposed senior unsecured notes will due in 24 months and will amount up to ARS 2,000 m...Banco Patagonia is a commercial bank. Co. is the controlling entity for a group of companies that acts in the Argentine financial and securities markets, which, in addition to the Bank, comprises Patagonia Valores S.A. Sociedad de Bolsa and Patagonia Inversora S.A. Sociedad Gerente de Fondos Comunes de Inversion. In addition, the Bank controls Banco Patagonia (Uruguay) S.A.I.F.E. in the Republic of Uruguay. Co. grants credit facilities to middle-income individuals forming its Salary Plan customer base and to small and medium-sized businesses. As of Dec 31 2013, Co.'s total assets amounted to Arg$30,146,394,000 and its total deposits amounted to Arg$22,067,025,000.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.