Moody's continues Inversiones Alsacia review

Moody's Investors Service said it is extending the review for downgrade of the Caa2 rating of Inversiones Alsacia due to the prevailing uncertainty regarding Alsacia's ability to pay its next debt service payment due February.

Moody's said the extension reflects the uncertainty with respect to Inversiones Alsacia's ability to pay its next debt service payment due February of roughly $55 million, along with the associated exchange rate hedge payment.

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