Moody’s: Buenos Aires notes Caa1/Baa1.ar

Moody's Latin America Agente de Calificacion de Riesgo said it assigned Caa1 global scale local currency debt rating and Baa1.ar Argentina national scale rating in local currency to class 10 and class 11 notes for a total amount of $85 million to be issued by the City of Buenos Aires under its Local Financing Program.

The notes to be issued under the program constitute direct, unconditional, unsecured and unsubordinated obligations of the city, ranking at all times pari passu without any preference among themselves.

Moody’s said the assigned ratings are in line with the city's Caa1 (global scale) and Baa1.ar (Argentina's national scale) local currency debt ratings.

© 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.