Report
EUR 165.82 For Business Accounts Only

Moody's affirms Argentinean banks' ratings; outlook remains negative

Rating Action: Moody's affirms Argentinean banks' ratings; outlook remains negative. Global Credit Research- 16 Sep 2020. New York, September 16, 2020-- Moody's Investors Service has today affirmed the baseline credit assessments, adjusted BCAs, deposit ratings and counterparty risk assessments of Banco de Galicia y Buenos Aires S.A.U., Banco Hipotecario S.A., Banco Macro S.A. and Banco Santander Río S.A..
Underlyings
Banco de Galicia y Buenos Aires S.A.U.

Banco Hipotecario SA

Banco Hipotecario is primarily engaged in the provision of mortgage loans for the purchase, repair, maintenance or construction of residential properties, cancellation of mortgage loans and mortgage insurance. Additionally, Co. offers personal loans such as credit card services and short-term variable loans. Co. also renders services such as: savings and checking accounts, foreign exchange, mortgage backed securities, fixed rate loans, and administration services relating to own and third party mortgage loans. As of Dec 31 2013, Co. had total assets amounting to Arg$20,387,893,000 and total deposits amounting to Arg$10,889,794,000.

Banco Macro SA Class B

Banco Macro is a commercial banking group based in Argentina. Co. has two categories of customers: retail customers who include individuals; and corporate customers, which include small, medium and large companies and corporations. Co. is engaged in traditional banking products and services to individuals and companies nationwide, as well as offering a variety of loans, credit cards, insurance coverage, check cashing advances, and cash management services. Co. also provides its corporate customers payroll and financial agency services, corporate credit cards and other specialty products. As of Dec 31 2016, Co.'s total assets were Arg$154,998,960,000 and its deposits totaled 111,939,740,000.

Banco Santander Rio B

Banco Santander Rio is engaged in general banking activities. Services provided include deposits, checking and savings accounts, automatic teller machines (ATMs), debit and credit cards, mortgage financing, commercial and personal loans, letters of credit, electronic collections, foreign currency transactions, investment banking services, mutual funds, custody of securities, securities trading, investment advisory services and travelers' checks. As of of Dec 31 2013, Co. had total assets of Arg$70,615,490,000 and total deposits of Arg$53,239,955,000.

Provider
Moody's Investors Service
Moody's Investors Service

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:

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    76,000 structured finance obligations



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