(The following statement was released by the rating agency)
NEW YORK, October 17 (Fitch) Fitch Ratings has affirmed Banco
(Macro) Foreign and Local Currency Long-term Issuer Default
Ratings (IDR) at 'B'
and its Viability Rating (VR) at 'b'. The Rating Outlook is
Stable. A full list
of rating actions follows at the end of this release.
KEY RATING DRIVERS
IDRS, VR AND SENIOR DEBT
Despite recent improvements in Argentina's economic policy
improved access to international