Fitch rates MBA Lazard at A

Tuesday, January 4, 2011

Fitch Argentina has assigned national scale ratings of A and A2 to Buenos Aires-based investment banking group MBA Lazard Banco de Inversiones' long- and short-term debt, respectively.

The ratings are based on the bank's franchise as a financial advisor and securities broker, the quality of its management and prudent risk management policies, the agency said in a report.

Fitch also took into consideration support provided by one if its main shareholders, US financial advisory and asset management firm Lazard (NYSE: LAZ), which allows the bank to take part in transactions throughout Latin America.

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To read the full report in Spanish, go to this link