Fitch affirms Buenos Aires

Fitch Ratings said it affirmed the B- global scale foreign and local currency unsecured debt ratings, including the euro medium-term-note program, of the City of Buenos Aires.

Fitch also affirmed the B- city's foreign and local currency issuer rating. The outlook is stable.

The ratings recognize strengths in the city's credit profile, its strong financial situation due to its high liquidity, its sustainable debt levels and well manageable debt service repayment schedule and favorable growth prospects supported by a large and diversified economy, Fitch said.

© 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.