Fitch Ratings on Oct. 17 affirmed Banco Supervielle SA's B long- and short-term foreign and local currency issuer default ratings.

The rating agency also maintained the bank's viability rating at "b." The outlook on the long-term issuer default rating is stable.

The ratings reflect the bank's improved capitalization, adequate funding and liquidity profile as well as its gradually strengthening franchise.

Although adequate profitability and asset quality also anchor the bank's ratings, they're somewhat distorted by high inflation, Fitch said.

In addition, the bank's overall adequate financial condition is counterbalanced by Argentina's low sovereign rating and still volatile economic and operating environment. Fitch noted, however, that some recent structural improvements to Argentina's policy framework could benefit the bank's performance in the medium term.