04.11.2016 22:54:00
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Banco Mercantil Santa Cruz S.A. -- Moody's affirms Banco Mercantil Santa Cruz's ratings and Banco PYME Los Andes Procedit following announced acquisition agreement
Buenos Aires City, November 04, 2016 -- Moody's Latin America Agente de Calificación de Riesgo (MLA) has today affirmed all ratings and assessments assigned to Banco Mercantil Santa Cruz S.A. (BME), including the bank's global local and foreign currency deposit ratings of Ba3 and B1, as well as its Bolivian national scale local and foreign currency deposit ratings of Aaa.bo and Aa3.bo. The ba3 baseline credit assessment (BCA) and all short term ratings were also affirmed. The outlook on the long-term global scale ratings remains negative, in line with the negative outlook on Bolivia's government bond rating.