Good competitive position in Argentina's financial system; and Adequate funding profile due to its solid franchise. Lack of long-term funding; and Relatively risky conditions for a bank operating in Argentina. The stable outlook on Banco de Galicia y Buenos Aires S.A. (Banco Galicia) for the next 12 months mirrors the one on the sovereign. Additional, we expect the bank to maintain its competitive position in the Argentina financial system, its healthy asset quality metrics, and a risk-adjusted capital (RAC) ratio above 5%. We could lower the ratings on Banco Galicia in the next 12 months following a similar action on the sovereign. Deterioration in the bank's credit fundamentals won't lead to an automatic downgrade because Banco Galicia's stand-alone credit profile
