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Fitch cuts Tarjeta Naranja
Fitch Ratings said it downgraded Tarjeta Naranja SA's international long-term local-currency issuer default rating to B- from B and national long-term rating to A+(arg) from AA-(arg), and affirmed the international short-term local-currency issuer default rating affirmed at B.
The agency lowered Tarjetas Cuyana's international long-term local-currency issuer default rating to B- from B and national long-term rating to A-(arg) from A(arg), and affirmed the international short-term local currency issuer default rating at B.
The outlook is Stable.
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