City Of Buenos Aires? Proposed Notes Of Up To $500 Million Rated ?B? Feb 12
Standard & Poors, February 2012
Abstract
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
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)
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
