Moody's: Buenos Aires notes B1

Moody's Latin America said it assigned ratings of Aa2.ar on Argentine national scale and B1 on the global scale to the Series 09 notes to be issued by the City of Buenos Aires for up to $75 million.

"The rating assigned to the Series 09 notes reflects the city's broad economy, which generates incomes far higher than the national average, and relatively low debt levels that have been reduced steadily since 2003," Moody's vice president senior analyst Aaron Freedman said in a news release.

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