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S&P affirms IRSA
Standard & Poor's said it affirmed the B ratings on IRSA Inversiones y Representaciones SA.
The outlook remains stable.
The ratings mainly reflect the company's vulnerable business risk profile due to its geographic concentration in Argentina and aggressive financial risk profile, S&P said.
The ratings also consider its historic focus on growth results in volatile capital expenditures and free cash-flow generation, the agency said.
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