Key Developments: Banco Santander Rio SA (RIO.BA)
7.70ARS
23 May 2013
$-0.20 (-2.53%)
$7.90
$7.60
$7.70
$7.60
3,700
8,507
$8.65
$5.00
Latest Key Developments (Source: Significant Developments)
Moody’s Confirms Its Long-Term Corporate Credit Ratings on Banco Santander Rio SA- DJ
Dow Jones reported that Moody’s has confirmed Banco Santander Rio SA’s long-term global local currency deposit rating at Ba3, as well as the Bank’s long-term Argentinean national scale local currency deposit rating at Aaa.ar. The outlook is negative. Full Article
Fitch Ratings Assigns Its Ratings On Banco Santander Rio SA-Reuters
Reuters reported that Fitch Ratings announced that it has assigned its Local Currency Long-Term Issuer Default Rating (IDR) on Banco Santander Rio SA at B+, as well as its Long-term National Rating at AA+; Short-term National Rating at A1+; Viability Rating at b+ and Support Rating at 5. The Outlook is Stable. Full Article
Banco Santander Rio SA Announces Issuance Of Negotiable Bonds Under Global Program Of Issuance of Negotiable Bonds
Banco Santander Rio SA announced the issuance of Negotiable series 2 Bonds in the amount of ARS 100,000,000 with the possibility of extension up to ARS 200,000,000 with variable rate and the maturity period of 18 months, under the Company’s Global Program of the Issuance of Negotiable Bonds at a nominal value of up to USD 500,000,000 or its equivalent in other currencies. Full Article
Banco Santander Rio SA Withdraws US IPO-Reuters
Reuters reported that Banco Santander Rio SA filed with U.S. regulators on April 13, 2012 to withdraw its initial public offering (IPO). In a filing with the U.S. Securities & Exchange Commission, the Company announced that it decided not to pursue the proposed offering at this time. The Company made its initial IPO filing in May 2011. Full Article
Banco Santander Rio SA Announces Issuance Of Negotiable Bonds Under Company’s Program Of Short-Term And Medium-Term Negotiable Bonds
Banco Santander Rio SA announced the issuance of Negotiable Bonds under the Company’s Program of Short-term and Medium-term Negotiable Bonds in the amount of up to USD 500,000,000 or its equivalent in pesos. Further details were not disclosed. Full Article
Banco Santander Rio SA Reaches Strategic Alliance With Zurich Financial Services Ltd To Distribute Insurance Services Through Santander Rio Seguros SA
Banco Santander Rio SA announced that it has reached a strategic alliance with Zurich Financial Services Ltd that enables the Bank’s subsidiary Santander Rio Seguros SA to distribute a variety of exclusive insurance services in Argentina through the Bank’s commercial channels. Other details were not disclosed. Full Article
Banco Santander Rio SA Announces Issuance of Bonds
Banco Santander Rio SA announced that it has decided to issue bonds in an amount of up to ARS 100,000,000, with the possibility to enhance the issuance reaching the total value of ARS 2,000,000, within the Bank’s Bond Issuance Program in an amount of up to USD 500,000,000. Other details were not disclosed. Full Article
Fitch Affirms Santander Rio's (Argentina) LC IDR at 'B-'; Outlook Negative
(The following statement was released by the rating agency) BUENOS AIRES, March 20 (Fitch) Fitch Ratings has affirmed Banco Santander Rio S.A.'s (Santander Rio) Viability Rating (VR) and Local Currency Long-term Issuer Default Ratings (IDRs) at 'b-' and 'B-', respectively. The Rating Outlook on the Long-term IDR is Negative. A full list of ratings actions follows at the end of this press release. KEY RATING DRIVERS Santander Rio benefits from the vast expertise of its largest shareholder,
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