Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Banco de Galicia y Buenos Aires S.A.

Summary: Banco de Galicia y Buenos Aires S.A.

Published Mar 19, 2012

823 words — Published Mar 19, 2012

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

The stable outlook on Banco de Galicia y Buenos Aires S.A. reflects that on Argentina. We expect that Banco Galicia will maintain its good market position in the Argentine financial system, with nonperforming loans below 4% of total loans, satisfactory profitability despite still "weak" capitalization, and good liquidity in the next two years. We could lower the ratings on Banco Galicia if economic and industrywide risk for Argentine banks deteriorates or if the bank's credit standing weakens. The rating on the sovereign limits upgrade potential for the bank.

Brief Excerpt:

RESEARCH Summary: Banco de Galicia y Buenos Aires S.A. Publication date: 19-Mar-2012 Primary Credit Analyst: Sebastian Liutvinas, Buenos Aires (54) 114-891-2109; sebastian_liutvinas@standardandpoors.com Secondary Contact: Cynthia...

Report Type:

Summary

Ticker

GALI@AR

Issuer

Banco de Galicia y Buenos Aires S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Argentina

Region

Latin America

Format:

HTML

Banco Galicia y Buenos Aires S.A. 'B' Rating Affirmed, Outlook Negative – 2012/09/05 – US$ 150.00

Research Update: Banco de Galicia y Buenos Aires S.A. 'B' Rating Affirmed, Outlook Negative – 2012/09/05 – US$ 225.00

Banco de Galicia y Buenos Aires S.A. – 2012/09/27 – US$ 500.00

Summary: Banco de Galicia y Buenos Aires S.A. – 2012/09/27 – US$ 225.00

Banco de Galicia y Buenos Aires S.A. 'B-' Ratings Affirmed, Outlook Remains Negative – 2013/06/28 – US$ 150.00

Banco de Galicia y Buenos Aires S.A. – 2012/03/19 – US$ 500.00

Research Update: Banco de Galicia y Buenos Aires S.A. 'B' Ratings Affirmed On Revised Bank Criteria; Outlook Stable – 2011/12/06 – US$ 225.00

Banco de Galicia y Buenos Aires S.A. – 2011/05/11 – US$ 500.00

Summary: Banco de Galicia y Buenos Aires S.A. – 2011/05/11 – US$ 225.00

Banco de Galicia y Buenos Aires Assigned 'B' Counterparty, Senior Unsecured Ratings; Bank To Issue $300 Million In Notes – 2011/04/07 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Banco de Galicia y Buenos Aires S.A." Mar 19, 2012. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Banco-de-Galicia-y-Buenos-Aires-S-A-948717>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Banco de Galicia y Buenos Aires S.A. Mar 19, 2012. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Banco-de-Galicia-y-Buenos-Aires-S-A-948717>

US$ 225.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.