Fitch Argentina: Acciones de Calificación

Resumen Semanal de acciones de calificación del 30 de noviembre al 4 de diciembre de 2009 A continuación, Fitch Ratings' Latin America Weekly Recap (o resumen semanal de calificaciones de Latinoamérica) de esta semana. Para información adicional, comunicados de prensa o informes, Ud. puede consultar nuestra página web Fitch Argentina www.fitchratings.com.ar o www.fitchratings.com Weak financial profiles lead Venezuelan government to seize four midsized banks >Featured Comment: Fitch Comment: Venezuelan Government Seizes 4 Midsized Banks Due to Weak Financial Profile On November 20, the Venezuelan government seized four midsized banks (Banco Canarias, BanPro, Bolivar Banco and Banco Confederado, all property of the same shareholder) on the grounds that they had breached a series of regulatory requirements such as minimum capital levels and related party lending. Ten days later, the government decided to close these banks rather than transferring them to the government due to their fragile financial profile. Growing government intervention in the form of compulsory lending rules and interest & fee controls, among other things, has increasingly limited banks' freedom to manage their balance sheets, leading to a gradual debilitation of once adequate balance sheets. While this is reflected in the current low ratings and Negative Outlook assigned to the majority of Venezuelan banks, possible negative effects of extended liquidity pressures in the system and/or specific situations of individual banks could result in further rating reviews. It should be noted that, while the Central Bank has been proactive in providing short-term liquidity to avert current liquidity pressures, President Hugo Chavez has significantly increased his threats of nationalization over the past two weeks if banks continued to fall short of his expectations as to their "proper role" of fostering economic development and social inclusion. >Other Special Reports/Comments: -Latin America Pulp, Paper, and Forest Product Outlook (Trends Look Favorable for 2010) -Update: Sovereign-Owned Corporate Ratings in EMEA - Dubai Restructuring not a Precedent -South African Corporate Outlook 2010 -Asia-Pacific Telecoms - Impact of Regulation on Free Cash Flow and Ratings -Indian Ratings Monthly - December 2009 -Thai Banks: 9M09 Review and Outlook - Strong Buffer to Absorb Downside Risks in 2010 -No Blank Cheques from Abu Dhabi -UAE Banks' Capital Weakened by Dubai World Restructure - Amended -Fitch Places Four Dubai-Based Banks' Individual Ratings on Watch Negative -Fitch Places Dubai Electricity and Water Authority on Negative Watch -Fitch Downgrades Dubai Holding Commercial Operations Group to 'BB'; Remains on Watch Negative -Emerging Markets Banks Tour -Fitch Upgrades Turkey's Sovereign Rating Two Notches to 'BB+' -Fitch Upgrades 4 Turkish Corporates on Sovereign Rating Action >Rating Actions -Argentina Fitch confirmo las calif de Tarjeta Saenz Series I, II y II Fitch confirma las calificaciones del FF Empresur I Fitch confirma calificacion a ATAM Fitch confirma la calificacion de Standard Bank Argentina S.A. Fitch confirmo las calif del FF Cencosud Tarjeta Mas Serie I Fitch confirma las calificaciones del FF Saenz Titulos I Fitch confirma calificacion del Banco de la Pampa SEM Fitch retiro calificacion de los VDFC de Columbia Tarjetas XII Fitch califico los titulos a emitirse bajo Ribeiro XXXV Fitch Afirma Calificacion a Emisiones de Fideicomiso Proyecto Garabito Fitch asigna calificaciones al FF Secubono XLVIII Fitch califica en AA-(arg) Ons Serie 6 por $ 50 mill de Rombo Fitch confirma la categoria A3(arg) a Banco Meridian S.A. Fitch confirma las calificaciones de de Banco Santander Rio -Brazil Fitch Upgrades Globo's IDR to 'BBB'; Outlook Stable Fitch Atribui Rating 'A-(bra)' a 1a Emissao de Debentures da Moura Dubeux Fitch Coloca Rating da Holding Silvio Santos Participacoes Sob Observacao Positiva Fitch Coloca Ratings do Banco Panamericano e Emissao da Panamericano Leasing sob Observacao Positiva Fitch Downgrades BPN Brasil Banco Multiplo S.A.'s Ratings; Outlook Stable Fitch: Braskem's Tax Liability Rescheduling Neutral to Credit Quality Fitch Rates Brookfield Incorporacoes' Second Debenture Issuance 'A+(bra)' Fitch Aumenta Ratings do Banco IBI S.A. - Banco Multiplo -Chile Fitch Asigna Rating Watch Negativo a Telsur Fitch Asigna Rating Watch Negativo a GTD Teleductos Fitch Sube a Categoria "AA+(cl)" Clasificacion de Forum Servicios Financieros S.A. Fitch Eleva hasta 'AAA'(cl) Clasificacion de Scotiabank Chile Fitch Ratifica Clasificaciones de Sigdo Koppers Fitch Asigna Outlook Positivo a Enaex, Ratifica Clasificaciones Fitch Sube a "AAA(cl)" Clasificacion de BBVA Chile Fitch Ratifica Clasificacion del PS-5 de Itau Securitizadora y Mantiene Outlook Negativo Fitch Affirms Telefonica Chile's IDR at 'BBB+'; Upgrades National Scale to 'AA(cl)'; Outlook Stable Fitch Ratifica en A+(cl) Bonos de Autopista Interportuaria Fitch Baja Clasificacion del PS-7 de Transa Securitizadora y Mantiene RWN Fitch Sube Clasificacion de Telefonica Chile a 'AA(cl)' y Ratifica IDR en 'BBB+'; Outlook Estable -Dominican Republic Fitch Ratifica Calificaciones de Riesgo Nacionales a Citibank N.A. Sucursal Republica Dominicana Fitch Ratifica Calificaciones de Riesgo a The Bank of Nova Scotia Sucursal Republica Dominicana Fitch Afirma y Retira Calificaciones de Riesgo Nacionales de La Fabril -Guatemala Fitch mantiene calificacion de Seguros de Occidente y Filial en AA-(gtm) -Jamaica Fitch Downgrades National Commercial Bank Jamaica's Ratings; Outlook Negative -Mexico Fitch modifica calificaciones de CIE reflejando la conclusion de su reestructura financiera Fitch baja calificaciones de Financiera Independencia a A(mex) y las coloca en Observacion Negativa Fitch: Las calificaciones de los financiamientos de Nuevo Leon mantienen su perspectiva 'estable' Fitch Rates Petrotemex's Proposed Reopening of Sr. Notes 'BB+' Fitch ratifica la calificacion de AAA(mex) de la emision ICVCB 06U Fitch coloca en observacion negativa la calificacion de la Universidad Autonoma de Nuevo Leon Fitch: La calificacion de Agua y Drenaje de Monterrey mantiene su perspectiva 'estable' Fitch: Las calificaciones de los financiamientos de Nuevo Leon mantienen su perspectiva 'estable' Fitch Rates Petrotemex's Proposed Reopening of Sr. Notes 'BB+' Fitch coloca en observacion negativa la calificacion de A+(mex) del Estado de Nuevo Leon Fitch califica "B+/RR3" en la Escala Global Emision Propuesta de Notas Senior de Cemex Fitch ratifica la calificacion 'AAA(mex)' de The Royal Bank of Scotland Mexico Fitch Rates Cemex's Proposed Senior Secured Notes 'B+/RR3' Fitch ratifica calificaciones de Sigma Alimentos en AA-(mex); Asigna calificaciones en Escala Global Fitch asigna calificacion de A+(mex) a credito bancario contratado por el municipio de Mazatlan Fitch ratifica en 'BBB-(mex)' a Maxi Prenda, revisa perspectiva a Positiva Fitch ratifica y al mismo tiempo retira la calificacion de TMMCB 07, TMMCB 08 y TMMCB 08-2 Fitch ratifica y retira las calificaciones de los bonos CHIHCB 04, CHIHCB 04-2 y CHIHCB 06 Fitch baja la calificacion de la CESPT a A(mex); perspectiva estable Fitch asigna calificacion de AAA(mex) a la emision FNCOTCB 09, Perspectiva Estable