Moody's: Banco Santander's growth plans, Citi acquisition won't compromise credit strength
Buenos Aires City, January 18, 2017-- Banco Santander Rio S.A.' s growth ambitions won't significantly compromise its credit strength, even after the acquisition of Citigroup's Argentine retail banking business, says Moody's Investors Service, in a report. Santander announced the acquisition of Citi's retail banking business in the fourth quarter. The purchase will significantly consolidate its geographic footprint and give the lender access to new clients.
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