Moody's rates Banco Finansur debt B3/A2.ar

Moody's Latin America said it assigned a provisional B3 global local currency senior debt rating to Banco Finansur SA's senior debt program up to the amount of ARS 200 million, and a B3 global local currency senior debt rating to Banco Finansur's first expected issuance for an amount up to ARS 60 million, which will be due in 18 months.

At the same time, on the national scale, the agency assigned an A2.ar local currency debt rating to the program and the expected issuance.

Moody's explained that the local currency senior unsecured debt rating derives from Banco Finansur's B3 global local currency deposit rating.

Finansur's B3 global deposits rating captures the bank's small franchise, focused on small and medium-sized companies chiefly through receivables, and retail banking and its steady funding sources and adequate asset quality indicators.

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