Fitch rates La Rioja B

Fitch Ratings said it assigned a B rating to the Province of La Rioja, Argentina's long-term foreign- and local-currency issuer default ratings.

The outlook is stable.

The province’s ratings reflect the features of the Argentinian institutional framework with a solid and stable revenue system, Fitch said.

The ratings are based on the province's better-than-average debt metrics when compared to local and international peers and adequate operating margins, the agency said.

The province's ratings also are capped by the sovereign ratings of Argentina, Fitch added.

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