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Moody’s gives Daycoval notes Ba2
Moody's Investors Service said it assigned a Ba2 foreign currency debt rating to the proposed dollar-denominated senior notes to be issued by Banco Daycoval SA.
The proposed notes will be issued under the existing $2 billion euro medium-term note program.
The outlook is stable.
Moody's said the foreign currency senior unsecured debt rating derives from Daycoval's Ba2 global local currency deposit rating, which, in turn, reflects the bank's baseline credit assessment of ba2.
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