Banco de Galicia y Buenos Aires S.A.U. (Banco Galicia) has strengthened its robust business position following the acquisition of HSBC Bank Argentina S.A., which will help increase its market presence and complements the existing business lines and customer base. The bank's capitalization will also allow it to maintain its business plan despite profitability pressures and dividend payments. Consequently, we revised the stand-alone credit profile (SACP) on Banco Galicia to 'bb-' from 'b+' and affirmed the 'B-' issuer credit ratings, which remain limited by the transfer and convertibility (T&C) assessment on Argentina. The stable outlook on Banco Galicia mirrors that on Argentina On April. 9, 2025, S&P Global Ratings affirmed its 'B-' long-term issuer credit rating on Banco de Galicia y
