Fitch rates San Juan

Fitch rates San Juan

Argentina Corporate & Sovereign Strategy

Fitch Ratings has given the Argentine province of San Juan a B rating with a stable outlook. "San Juan's ratings reflect its strong fiscal performance and liquidity and its low level of debt," Fitch said in a report. "However, the province's ratings are capped by Argentina's sovereign ratings and are limited by San Juan's weak local economy, moderate share of locally collected revenues and high transport infrastructure needs."The province had ARS4.3bn ($251m) in cash deposits, including ARS

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