Moody's: Aluar view positive

Moody's Latin America said it revised Aluar Aluminio Argentino's outlook to positive from stable.

At the same time, Moody's affirmed Aluar's B2 global local currency corporate family rating, B2 senior unsecured local notes due 2014 and its Aa3.ar Argentina national scale rating.

Moody's said the positive outlook reflects the company's improved operational and financial flexibility, its current low leverage profile, strong competitive position as a low-cost producer and a solid cash generation.

The company's continued debt reduction over the last quarters is also a contributing factor for the outlook change, according to the agency.

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