Research: Moody’s downgrades Banco de la Provincia de Córdoba’s bank financial strength; outlook negative

Global Credit Research – 26 Sep 2013 Buenos Aires City, September 26, 2013 — Moody’s Latin America today downgraded the bank financial strength rating (BFSR) of Banco de la Provincia de Córdoba S.A. (Banco de Córdoba) to E from E+ (plus), lowering the baseline credit assessment (BCA) to caa1 from b3. Moody’s affirmed the global local-and foreign currency deposit ratings of B3/Not Prime and Caa1/Not Prime respectively. In addition, Moody’s also downgraded the national scale