Moody's assigns Fravega B2

Moody's Latin America has assigned a first-time B2 local currency corporate family rating and an A1.ar Argentina national-scale rating to Fravega SA.

At the same time, Moody's said it assigned a B2 local currency rating and an A1.ar national-scale rating to Fravega's bank credit lines with Banco de la Nación Argentina (not rated).

The outlook is stable.

According to the agency, Fravega's B2 and A1.ar ratings reflect its position as one of the largest dedicated retailers of consumer electronics and appliances in Argentina and the diversification of its product line, which has allowed Fravega to increase its share of the consumer's wallet.

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