Moody's rates Bisa debt Ba2

Moody's Latin America said it assigned a Ba2 global local-currency debt rating and an Aaa.bo Bolivian national scale local-currency debt rating to Bisa Leasing SA's third expected issuance under its $15 million senior debt program. The issuance is expected to be 42 million Bolivian bolivianos. The outlook is stable.

The company has a Ba2 corporate family rating. The agency said the rating reflects an assumption of a high probability of support from the company's parent, Banco Bisa (Ba2).

Moody's said the rating also reflects Bisa Leasing's monoline business structure and the small and developing leasing market in Bolivia, which is highly competitive, adding pressure to the entity's profitability margins.

© 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.