Moody’s rates Mercado Libre B1, facility Ba3

Moody's Investors Service said it assigned a B1 local currency global scale corporate family rating to Mercado Libre SRL, the Argentina subsidiary of MercadoLibre Inc.

At the same time, the agency assigned a Ba3 local currency global scale rating and an Aaa.ar national scale rating to the up to ARS 4.25 million bank credit facility with Banco de la Nacion Argentina.

Moody’s said the corporate family rating reflects its well-recognized online retail brand name in Latin America and its leading competitive position in multiple segments and strong operating performance, particularly in its online platform marketplace, which accounts for the majority of the company's operating income.

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