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Article: ARGENTINA: MOODY[acute accent]S CHANGES STANDARD BANK BFSR OUTLOOK TO POSITIVE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- April 30, 2008
CopyrightCOPYRIGHT 2008 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service changed the outlook on Standard Bank Argentina S.A's Bank Financial Strength Rating (BFSR) to positive from stable, while affirming the bank's deposit ratings. The new outlook is based on the bank[acute accent]s performance for the nine months in 2007 following its acquisition of a substantial part of the assets and liabilities of BankBoston N.A. - Bank of America[acute accent]s (BofA) branch in Argentina - in April 2007. Standard Bank has successfully consolidated its retail, corporate and investment banking operations and expanded its existing business as it aims to increase the scale of its Argentine franchise. The fact that the bank also ...
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