S&P downgrades Argentine banks

S&P downgrades Argentine banks

Capital Markets Bonds Fixed Income Argentina

S&P Global said it has cut the credit ratings of three banks and nine corporate issuers in Argentina, following a downgrade to the sovereign ratings late last week. S&P downgraded Banco Galicia, Banco Patagonia and Banco Provincia (Bapro) to B- from B with a negative outlook, in line with the sovereign ratings. It also affirmed the B- rating for Banco Hipotecario, the rating agency said in a report. Argentina's debt and equity markets took a dive after the center-left presidential cand

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