Moody's confirms Aval Rural

Moody's Latin America said it affirmed the B2 global local currency and A1.ar Argentina national scale insurance financial strength ratings of Aval Rural SGR.

The outlook is stable.

Moody's said the affirmation reflects Aval Rural's consistent business and financial credit profile.

Among the company's credit strengths are its high degree of operational integration with its main shareholder, Nidera SA, its adequate market position and visibility, very low levels of delinquencies on its insured loans and the short-term characteristics of the company's guarantees, the agency said.

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