Moody’s rates Banco Macro debt B2/A1.ar

Moody's Latin America said it assigned a B2 global scale and A1.ar national scale local currency debt ratings to Banco Macro SA's class C senior unsecured debt for up to ARS 4 billion, which will due in 2021.

The debt ratings have a stable outlook.

Moody’s said the ratings incorporate the challenges related to Argentina's operating environment, which though improving, continue to be volatile, and outweigh Banco Macro's strong financial fundamentals, including above-peers' profitability and capitalization, a diversified lending mix, and solid asset quality metrics.

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