Moody’s continues Patagonia Uruguay review

Moody's Investors Service said it continues its review for downgrade of the Ba3 long-term global local and foreign currency deposit ratings assigned to Banco Patagonia (Uruguay) SAIFE.

The Baa3.uy long-term national scale local and foreign currency deposit ratings remain under review down as well, as do the bank's adjusted baseline credit assessment (BCA) of ba3 and long-term counterparty risk assessment (CRA) of Ba2(cr).

The short-term global local and foreign currency deposit ratings of Not Prime, the short-term CRA of Not Prime(cr), and the standalone BCA of b1 are not on review.

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