Fitch Publishes Argentine Corporates Dashboard

May 11, 2015 2:57 PM EDT

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published a new Argentine Corporates Dashboard. The publication explores key elements arising in the Argentine economy and their impact on the credit profile of corporates domiciled in Argentina.

Seven of nine Fitch-rated Argentine corporates have 'CCC' rating due to the weak credit profile of the sovereign and extremely restrictive capital controls. Positively, most Argentine corporates have strong capital structures to mitigate high inflation, government intervention and economic uncertainty, but limited access to international capital markets. Presidential elections during the fall will likely result in a new administration that will be more business-friendly. Challenges for the new government will be significant and the positive cash flow implication for corporate debt issuers will be gradual.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Argentine Corporates Dashboard

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=865932

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Joe Bormann, CFA, +1-312-368-3349
Managing Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
or
Media Relations
Elizabeth Fogerty, New York, +1-212-908-0526
[email protected]

Source: Fitch Ratings



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