|
|
 |
|
Viewing report
|
|
|
|
Buenos Aires (City of)
Standard & Poors, May 2003
Abstract
On March 21, 2003, Standard & Poor's Ratings Services raised its long-term issuer credit ratings on the City of Buenos Aires, Republic of Argentina, to 'CCC+' from 'SD'. At the same time, Standard & Poor's also raised its ratings on four City of Buenos Aires foreign-currency-denominated notes to 'CCC+' from 'D'. In addition, Standard & Poor's raised the national scale rating on the City of Buenos Aires to 'raBB+' from 'raSD' and affirmed its 'CCC+' ratings on the city's Argentine peso-denominated note issue (for which debt service was never interrupted) and medium term note program. The outlook on the long-term ratings is stable. The upgrade reflects the successful restructuring of the city's foreign-currency-denominated debt, which was placed in default on...
Companies mentioned in this report are: Buenos Aires (City of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
