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TEXT - Fitch publishes special report on Argentina
December 4, 2012 / 5:10 PM / 5 years ago

TEXT - Fitch publishes special report on Argentina

Dec 4 - Today Fitch Ratings issued a special report titled 'Argentina's
Weakening Credit Profile' detailing the rationale behind the agency's recent
negative rating actions on Argentina. 

On Nov. 27, Fitch downgraded Argentina's ratings as follows:

--Long-term foreign currency Issuer Default Rating (IDR) to 'CC' from 'B';
--Short-term IDR to 'C' from 'B';
--Securities issued under international law to 'CC' from 'B';
--Foreign and local currency denominated securities issued under Argentine law 
to 'B-' from 'B';
--Local currency IDR to 'B-' from 'B' with a Negative Outlook;
--Country Ceiling to 'B-' from 'B'. 

The report, entitled 'Argentina's Weakening Credit Profile', is available at 
'www.fitchratings.com'.

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