Moody's: Guerrero loan gets Aa2.mx, Baa3

Moody's de Mexico said it has assigned a rating of Aa2.mx to a 375 million peso enhanced loan of the State of Guerrero from Santander.

Moody's Investors Service said it has also assigned a Baa3 global-scale, local currency rating to this loan.

Guerrero has pledged the flows and rights to 3.17% of its participation revenues that will be transferred to a trust to pay for debt service, the agency noted.

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