Report
EUR 167.94 For Business Accounts Only

Moody's affirms Argentinean banks' ratings; outlook stable

Moody's Investors Service ("Moody's") has today affirmed all ratings and assessments assigned to Banco de Galicia y Buenos Aires S.A.U. (Galicia), Banco Hipotecario S.A. (Hipotecario), Banco Macro S.A. (Macro) and Banco Santander Argentina S.A. (Santander Argentina), including all four banks' ca bas...
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 Argentina S.A.

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:

  • 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. 

Other Reports on these Companies
Other Reports from Moody's Investors Service

ResearchPool Subscriptions

Get the most out of your insights

Get in touch