Moody's rates Toyota Argentina notes Ba1

Moody's Investors Service said it assigned a Ba1 global local-currency debt rating to Toyota Compania Financiera Argentina's fifth expected issuance worth up to $50 million in Argentine peso with a maturity of 270 days.

Moody's also said it assigned an Aaa.ar national scale local-currency debt rating to the fifth expected issuance.

The outlook is stable.

The national scale ratings are intended as relative measures of creditworthiness among debt issues and issuers within a country, enabling market participants to better differentiate relative risks, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.