Edition:
United States

BBVA Banco Frances SA (FRA.BA)

FRA.BA on Buenos Aires Stock Exchange

124.70ARS
2:31pm EST
Change (% chg)

$2.70 (+2.21%)
Prev Close
$122.00
Open
$122.00
Day's High
$125.00
Day's Low
$120.05
Volume
180,077
Avg. Vol
185,072
52-wk High
$132.00
52-wk Low
$85.05

Latest Key Developments (Source: Significant Developments)

Fitch Upgrades BBVA Banco Frances's Local Currency IDR to 'B+'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, October 17 (Fitch) Fitch Ratings has upgraded BBVA Banco Frances, S.A.'s (BBVA Frances) Local Currency Long-term Issuer Default Rating (IDR) to 'B+' from 'B' and its Support Rating to '4' from '5'. The Rating Outlook is Stable. Fitch has also affirmed the bank's standalone Viability Rating (VR) at 'b'. The upgrades are based on Fitch's opinion that BBVA Frances' shareholder support has improved. KEY RATING DRIVERS IDRS AND SUP