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Bulletin: City of Buenos Aires Ratings And Outlook Unaffected By Potential Bond Issuance
Standard & Poors, Jan 2008
Abstract
BUENOS AIRES (Standard & Poor's) Jan. 24, 2008--Standard & Poor's Ratings Services said today that neither its issuer credit rating and outlook (B+/Positive/--) nor its national scale rating (raAA/Positive/--) on the City of Buenos Aires will be affected by the potential issuance of up to Argentine peso 1.6 billion (about US$500 million) in government bonds. The city government is planning to raise this amount both locally and internationally in one or more series with a minimum maturity of seven years. The administration of Mauricio Macri (who took office on Dec. 10, 2007) is planning this bond issuance as part of a comprehensive plan to boost the city's infrastructure (the initiative was already approved by the city's legislature). The proceeds will...
Companies mentioned in this report are: Buenos Aires (City of)
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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