Fitch: Banco Supervielle B

Fitch Ratings said it assigned a short-term issuer default rating of B to Banco Supervielle SA, along with a viability rating of B- and a recovery rating of RR5 to its B- rated subordinated debt.

The bank also has foreign- and local-currency long-term issuer default ratings of B-.

The outlook is negative.

The agency also affirmed the bank's subordinated debt at CCC.

The ratings are driven by the company's adverse economic and operating environment and its relatively tight loss absorption capacity, Fitch said.

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