S&P puts four Argentine banks on watch

S&P said it placed its issuer credit ratings on Banco Patagonia SA, Banco de Galicia y Buenos Aires SA, Banco Hipotecario SA and Banco de la Provincia de Buenos Aires on CreditWatch with negative implications.

At the same time, S&P also placed its senior unsecured debt ratings on Banco Hipotecario's debt and the subordinated debt ratings on Banco Galicia's debt on CreditWatch negative.

The CreditWatch placement of Banco Patagonia, Banco Galicia, Banco Hipotecario and Banco de la Provincia de Buenos Aires mirrors the rating action on the sovereign, S&P said in a news release.

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