Moody's rates Asociación de Cooperativas Argentinas B2

Moody's Latin America said it assigned a B2 global local currency corporate family rating to Asociación de Cooperativas Argentinas and A1(ar) national-scale rating.

The outlook is stable.

The agency said the ratings consider the exposure of ACA's operations to volatile commodity cycles in the agricultural markets, as well as its geographic concentration in only one country.

The ratings also consider the cooperative's strong business position as one of Argentina's main grain exporters providing services and assistance to more than 150 coops throughout the wealthiest region of Argentina, Moody's added.

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