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Moody's downgrades Sullair
Moody's Latin America said it downgraded Sullair Argentina SA's corporate family rating to B3 from B2 and affirmed its A2.ar national scale rating.
Moody's said the downgrade in the global scale for Sullair is aligned with Moody's downgrade of Argentina's foreign currency country ceiling to B3 from B2 and the lowering of the foreign-currency bond ceiling reflects the rating agency's rising concern that private sector and local government Argentine debt issuers may be unable to access foreign exchange.
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