Moody's cuts Argentinean banks' outlook to stable

Moody's Investors Service said it changed the outlooks on the Argentinean banks' Caa1 foreign currency bank deposit ratings following a similar action on the country ceiling for deposits.

The outlooks for the B2 foreign currency senior and subordinated bond ratings of Banco Comafi, HSBC Bank Argentina, Banco Macro and Banco Patagonia were also changed to stable from positive, in line with a similar action on the foreign currency bond ceiling of Argentina, the agency said.

Affected ratings included Banco Hipotecario SA's foreign currency deposit rating of Caa1, stable from positive and Banco Macro SA's foreign currency deposit rating of Caa1, stable from positive, foreign currency senior debt rating of B2, stable from positive, and foreign currency subordinated debt rating of B2, stable from positive.

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