Moody's: Cordial notes Ba3

Moody's Investors Service said it assigned a Ba3 global local-currency debt rating to the expected second issuance of Cordial Compania Financiera SA of up to the amount of 70 million in Argentine pesos, which will be due in 270 days.

Moody's also said it assigned an Aa2.ar national scale local-currency debt rating to Cordial's issuance.

The stable outlook is under review for possible downgrade, as a result of the action taken on several Argentinean banks in November 2011.

But, the national scale debt rating has a stable outlook.

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