S&P affirms Alto Palermo

Standard & Poor's said it affirmed the B ratings on Alto Palermo SA.

The outlook remains stable.

The ratings reflect the concentration of its portfolio in the Republic of Argentina, which exposes it to volatile economic and political environment, S&P said.

The company is exposed to certain level of currency mismatch, the agency said. This is because about 90% of its debt, albeit low, is denominated in U.S. dollars, S&P said.

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