News Column

Moody's assigns a A2.ar debt rating to Banco de Servicios y Transacciones S.A.

January 26, 2014

Moody“s Latin America Agente de Calificaciףn de Riesgo assigned a B3 global local-currency debt rating to Banco de Servicios y Transacciones S.A. (BST)'s sixth expected issuance up to ARS 30 million , which will be due in 18 months, and to the seventh expected issuance up to of ARS 150 million , which will be due in 36 months, both under the ARS 500 million multicurrency MTN Debt Program. At the same time, Moody's assigned an A2.ar national scale local currency debt rating to the expected issuances. The outlook for all ratings is negative, following the negative outlook on the sovereign rating. The following ratings were assigned to BST's expected issuances: Sixth Expected Issuance up to ARS 30 million: B3 Global Local Currency Debt Rating, with negative outlook A2.ar Argentina National Scale Local Currency Debt Rating, with negative outlook Seventh Expected Issuance up to ARS 150 million: B3 Global Local Currency Debt Rating, with negative outlook A2.ar Argentina National Scale Local Currency Debt Rating, with negative outlook RATINGS RATIONALE Moody's explained that the local currency senior unsecured debt rating derives from BST's B3 global local currency deposit rating. Moody's also noted that seniority was taken into consideration in the assignment of the debt ratings. Banco de Servicios y Transacciones is headquartered in Buenos Aires , with assets of ARS 2,387 million and equity of ARS 156,62 million as of September, 2013.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: EMBIN (Emerging Markets Business Information News)


Story Tools