Moody's rates Edesa B2

Moody's Investors Service said it assigned a B2 rating on its global scale and A2.ar on its Argentina national scale to Empresa Distribuidora de Electricidad de Salta SA's proposed $65 million notes.

The outlook is stable.

Moody's said the ratings take into consideration a more reasonable tariff track record from the province's regulator as compared to federal regulated utilities and adequate credit metrics for the rating category, although slightly weaker than peers in Argentina. The ratings also benefit from Edenor's ownership and management.

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