Moody's: PSA Finance Argentina debt B1

Moody's Investors Service said it assigned a B1 global local currency senior debt rating to PSA Finance Argentina Compania Financiera's fifteenth bond issuance for an amount up to ARS 150 million, which will be due in 24 months, as well as to the sixteenth expected issuance for an amount of ARS 40 million, which will be due in nine months.

Both expected issuances together should not exceed ARS 150 million.

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

Moody's said 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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