Moody's assigns Fravega loan B1/Aa2.ar rating

Moody's Latin America said it assigned a B1 local currency rating and an Aa2.ar national scale rating to Fravega's up to A$117 million bank credit lines with Banco de la Nacion Argentina.

At the same time, Moody's affirmed Fravega's local currency corporate family rating and A$30 million local notes of B1 and its Argentina national scale rating of Aa2.ar.

The outlook is stable.

Moody's said the B1 and Aa2.ar ratings are supported by Fravega's position as one of the largest dedicated retailers of consumer electronics and appliances in Argentina, its solid position in selling recognized brand names and its well-established relationships with suppliers.

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