Moody's rates Oaxaca debt Baa2

Moody's Investors Service said it assigned a Baa2 global scale local-currency debt rating to the State of Oaxaca's upcoming Ps. 500 million 10-year enhanced loan from Banorte. Moody's de Mexico assigned an Aa2.mx Mexico national scale debt rating to the loan, which accrues interest at the 28-day Mexican Interbank Interest Rate plus a spread.

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