10.01.2017 21:13:00
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Banco Pyme Los Andes Procredit. S.A. -- Moody's upgrades Banco PYME Los Andes Procredit national scale local currency deposit rating to Aaa.bo
Buenos Aires City, January 10, 2017 -- Moody's Latin America Agente de Calificación de Riesgo (MLA) has today upgraded the national scale local curency deposit rating assigned to Banco PYME Los Andes Procredit S.A. (PLA) to Aaa.bo from Aa2.bo, and assigned it a stable outlook. This action concludes the review for upgrade that was initiated on November 4th 2016. PLA's other ratings, which were affirmed on November 4th 2016 following the announcement of Banco Mercantil Santa Cruz (BME) plans to acquire the bank, are unaffected by today's rating action.