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BBVA Banco Frances SA (FRA.BA)

FRA.BA on Buenos Aires Stock Exchange

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Fitch Affirms BBVA Banco Frances's IDR at 'B'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, March 01 (Fitch) Fitch Ratings has today affirmed BBVA Banco Frances S.A.'s (BBVA Frances) Viability Rating (VR) at 'b' and its long-term local currency Issuer Default Rating (IDR) at 'B'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS VR AND IDR Despite recent improvements in Argentina's economic policy framework and normalizing relations with foreign cr