S&P lowers Mendoza, Buenos Aires

Standard & Poor's said it lowered its long-term global-scale ratings on Province of Mendoza and Province of Buenos Aires in the Republic of Argentina to B from B+.

These rating actions follow the downgrade of Argentina to B from B+, the agency noted, adding that these actions reflect the close linkage between the sovereign and the local governments in Argentina

The outlook on both is stable.

The agency said it also affirmed its B+ global-scale rating on the government of the City of Buenos Aires.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.