|
|
 |
|
Viewing report
|
|
|
|
Buenos Aires (City of) $500 Million Senior Unsecured Notes Issue Rated 'B-'
Standard & Poors, March 2010
Abstract
BUENOS AIRES (Standard & Poor's) March 29, 2010--Standard & Poor's Ratings Services said today that it assigned its 'B-' rating to the up to $500 million in senior unsecured notes issued by the City of Buenos Aires (B-/Stable/--). The amortizing notes come due in 2015 and, pursuant to the City of Buenos Aires' medium-term note program (series 8), are to be denominated in U.S. dollars. The proceeds are to be used to fully or partially fund the expansion of the city's subway system and to make a variety of other infrastructure investments. Our 'B-' issuer credit rating on the City of Buenos Aires is constrained by the high risk inherent to Argentina. 'Negative factors in the local context include high...
Companies mentioned in this report are: Buenos Aires (City of)
Action: New Rating
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.
|
|
|
|
