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City Of Buenos Aires? Proposed Notes Of Up To $500 Million Rated ?B? Feb 12
Standard & Poors, February 2012
BUENOS AIRES (Standard & Poor's) Feb. 13, 2012-- Standard & Poor's Ratings Services assigned its 'B' global-scale long-term rating to the City of Buenos Aires' (B/Stable/--) proposed notes of up to $500 million notes. The amortizing notes, pursuant to the City of Buenos Aires' medium-term note program (series 10), will be dollar denominated. The global-scale rating on the City of Buenos Aires reflects the risk in Argentina's political and economic environments, the lack of predictability in central government policies, and high inflation, which still constrains the ratings on the sovereign. The city's revenue and financial flexibility, which are greater than that of other local governments in Argentina, its low debt, and its highly developed economy (compared with other local economies...
Companies mentioned in this report are: Buenos Aires (City of)
Action: New Rating
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Research type: News
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Buenos Aires (City of)