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S&P revises view on two Argentine banks
S&P said it revised the outlooks for Banco De Galicia Y Buenos Aires and Banco Patagonia SA to stable from negative and affirmed their CCC+ long-term ratings.
“The rating actions follow the raising of our foreign- and local-currency sovereign credit ratings on Argentina to CCC+ from SD (selective default) after the sovereign’s successful restructuring of foreign currency debt under foreign and local law,” the agency said in a press release.
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