Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond (11 lettori)

waltermasoni

Caribbean Trader
Argentina Long-Term Ratings Lowered To 'B'; Outlook Is Stable
  • 12-Nov-2018 18:16 EST
View Analyst Contact Information

RATINGS
Foreign Currency: B/Stable/B
Local Currency: B/Stable/B
For further details see Ratings List.


OVERVIEW

  • There has been an erosion of Argentina's economic growth trajectory,
    inflation dynamics, and debt profile following setbacks in implementing
    its challenging economic adjustment program.
  • We are lowering our long-term foreign currency and local currency ratings
    on Argentina to 'B' from 'B+' and affirming our short-term foreign and
    local currency ratings at 'B'.
  • We are also lowering our transfer and convertibility assessment to 'B+'
    from 'BB-'.
  • The outlook on the long-term ratings is stable based on our expectation
    that the government will implement fiscal, monetary, and other measures
    to stabilize the economy over the coming 18 months.
 

waltermasoni

Caribbean Trader
Eight Argentine Companies Downgraded To 'B' And Two To 'B+' On Similar Rating Action On Sovereign, Off Watch Negative
  • 13-Nov-2018 13:20 EST
View Analyst Contact Information


  • On Nov. 12, 2018, we lowered our long-term rating on Argentina to 'B'
    from 'B+'. We also removed it, along with a 'B' short-term rating, from
    CreditWatch with negative implications, where we had placed them on Sept.
    3, 2018. At the same time, we lowered Argentina's transfer and
    convertibility (T&C) assessment to 'B+' from 'BB-'.
  • As a result, we're lowering the ratings on 10 Argentine companies by one
    notch and removing them from CreditWatch negative. The outlooks on these
    entities are now stable.
  • Given that the stand-alone credit profiles (SACPs) of these entities are
    higher than the ling-term rating on Argentina, any future rating action
    on the sovereign will trigger similar actions on these entities, while
    all other factors remain the same.
BUENOS AIRES (S&P Global Ratings) Nov. 13, 2018--S&P Global Ratings lowered
its local and foreign currency ratings on the following corporate entities to
'B', and removed them from CreditWatch negative. The outlook on these
companies is now stable.

  • AES Argentina Generación S.A.;
  • CAPEX S.A.;
  • Compania de Transporte de Energia Electrica en Alta Tension TRANSENER S.A.
    ;
  • IRSA Inversiones y Representaciones S.A.;
  • IRSA Propiedades Comerciales S.A.;
  • Transportadora de Gas del Sur S.A. (TGS);
  • Pampa Energia S.A.; and
  • YPF S.A.
 

waltermasoni

Caribbean Trader
Rating Action:
Moody's upgrades the Province of Tierra del Fuego's issuer ratings to B3, outlook stable

13 Nov 2018
New York, November 13, 2018 -- Moody's Investors Service ("Moody's") upgraded today the Province of Tierra del Fuego issuer rating to B3 from Caa1 (Global Scale foreign currency). The outlook was changed to stable from positive. At the same time, Moody's has upgraded to b3 from caa1 the Province's Baseline Credit Assessment (BCA). Finally, Moody's has upgraded to B2 from B3 (Global Scale foreign currency) the Province's USD 200 million Secured Notes.



RATINGS RATIONALE
 

fabriziof

Forumer storico
Rating Action:
Moody's upgrades the Province of Tierra del Fuego's issuer ratings to B3, outlook stable

13 Nov 2018
New York, November 13, 2018 -- Moody's Investors Service ("Moody's") upgraded today the Province of Tierra del Fuego issuer rating to B3 from Caa1 (Global Scale foreign currency). The outlook was changed to stable from positive. At the same time, Moody's has upgraded to b3 from caa1 the Province's Baseline Credit Assessment (BCA). Finally, Moody's has upgraded to B2 from B3 (Global Scale foreign currency) the Province's USD 200 million Secured Notes.



RATINGS RATIONALE
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