Moody's rates Banco Ganadero issue B2

Moody's Investors Service said it assigned a Aa3.bo national scale local-currency subordinated debt rating and B2 global local-currency subordinated debt rating to Banco Ganadero's third issuance under the bank's $10 million multicurrency subordinated debt program. This issuance was denominated in pesos bolivianos in the amount of 13.5 million with a maturity of seven years.

The outlook on these ratings is stable.

Moody's said that subordination was taken into consideration as subordinated debt is usually rated one notch below the global local-currency senior rating.

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