Moody's: PSA Finance bonds B1/Aa2.ar

Moody's Investors Service said it assigned a B1 global local currency senior debt rating to PSA Finance Argentina Compania Financiera's 13 bond issuance for an amount up to ARS 140 million, which will be due in 21 months, as well as to the 14 expected issuance for an amount of ARS 40 million, which will be due in nine months.

At the same time, on the national scale, Moody's Latin America assigned Aa2.ar local currency debt rating to both expected issuances.

The outlook is stable.

Moody's explained that the local currency senior unsecured debt rating derives from PSA Finance's B1 global local currency deposit rating. Moody's also noted that seniority was taken into consideration in the assignment of the debt ratings.

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