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Published on 9/5/2012 in the Prospect News Emerging Markets Daily.

S&P affirms Banco Galicia y Buenos Aires

Standard & Poor's said it affirmed the B ratings on Banco Galicia y Buenos Aires SA.

The outlook remains negative.

The ratings are based on the bank's adequate business position, weak capital and earnings, adequate risk position, average funding and adequate liquidity, S&P said.


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