Fitch changes Argentine financials to stable

Fitch Ratings said it revised the outlooks on the long-term issuer default ratings for the following Argentine financial institutions to stable from positive: Banco Santander Rio SA; BBVA Banco Frances SA; Banco Macro SA; Banco Supervielle SA; Tarjeta Naranja SA; and Banco de la Ciudad de Buenos Aires.

Fitch said the actions follow its May 4 revision of the outlook on Argentina's sovereign rating.

No action was taken on Banco Hipotecario SA because it already had a stable outlook.

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