Moody’s assigns B3/A3.ar ratings to Arcor notes

Moody’s Investors Service assigned a B3 rating in the global scale and an A3.ar rating in the national scale of Argentina to Arcor SAIC’s senior unsecured notes class 13 and class 14 together for ARS 500 million (extendable to ARS 4 billion). The agency rates Arcor B3, but the ratings are on review for downgrade.

Proceeds will be used for liability management, capital spending and working capital requirements.

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