https://www.moodys.com/research/Moodys- ... -PR_356618
"The bank had signed recently a purchase agreement with Citibank's (Citibank N.A., unrated) Argentine branch, to acquire Citi's retail banking business. We expect that the acquisition, when approved, will have a positive effect on the bank's business strategy and revenues, which will be partially offset by negative impacts on capitalization and liquidity.
What could move the rating up or down
Given the fact that Santander Rio's baseline credit assessment is effectively constrained by Argentina's sovereign rating, improvements in the bank's financial fundamentals are unlikely to affect its rating. However, the rating could face upward pressure if Argentina's bond rating is upgraded and/or if Argentina's country's operating environment improves."
Con la aprobación del Presupuesto vienen los cambios de rating en deuda soberana y BANCOS...
