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Argentine Deposits Stabilized, but Risks Are Still Not Over Sep 01
Standard & Poors, Sep 2001
Abstract
LONDON (Standard & Poor's) Sept. 14, 2001--Since the last week of August, deposits in the Argentine financial system have started to show signs of stability--figures are now more reassuring--after the confidence of depositors vanished in July. However, the risk of further drain cannot be said to be over as the behavior of the depositors will continue to be influenced by the local political scenario. Most of the 'time deposits' that are due this week, if renewed, will mature after the October 14th elections. This could explain the reluctancy of depositors to either renew or bring back savings to the financial system before the elections, thus affecting the incipient recovery observed. According to September 7th data, available cash reserves to cover...
Companies mentioned in this report are: Argentina (Republic of) (Unsolicited Ratings),Deutsche Bank AG
Action: S&P Event
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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