The City Of Buenos Aires 'B' Ratings Affirmed; Outlook Stable
Standard & Poors, November 2010
Abstract
The significant economic recovery in 2010 improved the city's operating balance despite high inflation. We are affirming the local and foreign currency long-term issuer credit rating on the City of Buenos Aires at 'B'. The stable outlook incorporates our expectation that conservative management and low debt will continue to provide fiscal flexibility over the next two to three years. BUENOS AIRES (Standard & Poor's) Nov. 9, 2010--Standard & Poor's Ratings Services said today that it affirmed its 'B' foreign and local currency credit ratings on the City of Buenos Aires. The outlook on the local and foreign currency long-term issuer credit ratings is stable. The 'B' global scale rating on the City of Buenos Aires reflects the high risk inherent...
Companies mentioned in this report are: Buenos Aires (City of)
Action: Affirmed
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.
Buenos Aires (City of)
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