Moody's rates Banco Bilboa Paraguay notes Ba3

Moody's Investors Service said it assigned a Ba3 foreign-currency debt rating to Banco Bilbao Vizcaya Argentaria Paraguay SA's senior debt issuance totaling $200 million and maximum tenor of up to 10 years. The notes will be governed by the laws of the State of New York.

The outlook is stable.

The foreign-currency senior unsecured debt rating derives from the bank's Ba1 global local-currency deposit rating, but the bond rating is constrained by Paraguay's Ba3 country ceiling for foreign-currency bonds, Moody's said.

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