Ratings roundup: Nación, Banco de la Pampa, Banco Provincia del Neuquén

Tuesday, June 21, 2011

Fitch has affirmed Argentine federally owned bank Banco Nación's AA national scale long-term rating with a stable outlook, as well as its A1+ national scale short-term rating.

The ratings are based on the fact that it is a state entity, its role as the federal government's financial agent and its leading 29% deposit market share, as well as the political risks that the bank faces due to its government ownership.

Banco Nación is Argentina's largest bank. It has more than 630 branches and some 16,300 employees.

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


Fitch also affirmed Banco de la Pampa's short-term debt rating at A1, based on its good positioning in areas where it operates, as well as adequate liquidity levels and performance.

The rating also considers the La Pampa provincial government's large stake in the bank, which introduces certain political risk, Fitch said in a report.

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


The agency also affirmed the A2 national scale short-term debt rating on Banco de la Provincia de Neuquén (BPN) based on its positioning in the area where it operates, its role as provincial financial agent and good liquidity levels.

In addition, Fitch considered the political risks that the bank is exposed to, as well as its geographical expansion plans and its limited internal capital generation.

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