Fitch affirms Banco Macro

Fitch Ratings said it has affirmed Banco Macro's ratings as follows:

• Foreign currency long-term issuer default ratings at B; local currency long-term issuer default rating at B+; foreign and local currency short-term issuer default ratings B;

• Viability rating at B+; individual at D; support at 5; support floor at NF; long-term national rating at AA+(arg);

• Short-term national rating at A1+(arg); $100 million of senior bonds class 3 at B+/RR4/AA+(arg);

• $150 million of senior bonds class 2 at B/RR4/AA+(arg); $150 million of subordinated debt at CCC/RR6/A+(arg);

• National Equity rating at Primera Clase Nivel 1(arg).

The outlook is stable.

The agency said that the bank's foreign currency long-term issuer default rating has a stable outlook and is at the country ceiling level, reflecting its strong local franchise and track record of sound performance.

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