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Moody's rates Bisa debt Ba2
Moody's Latin America said it assigned a Ba2 global local-currency debt rating and an Aaa.bo national scale local-currency debt rating to Bisa Leasing SA's third expected issuance for Bs. 42 million under the entity's $15 million senior debt program. The outlook is stable.
Bisa Leasing's Ba2 corporate family rating derives from its b1 standalone credit assessment and incorporates two notches of uplift as a result of Moody's assumption of a high probability of support from its parent, Banco Bisa (Ba2).
The standalone credit profile of b1 reflects Bisa Leasing's adequate capitalization and asset quality metrics as well as its monoline business structure, the highly competitive small and developing leasing market in Bolivia in which it does business and its reliance on highly sensitive market funding, the agency said.
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