Moody's rates Banco Hipotecario notes Ba1

Moody's Investors Service said it assigned a provisional Ba1 global local-currency debt rating and a provisional Aa1.ar local-currency rating to Banco Hipotecario's $200 million senior unsecured Argentine peso-linked notes due 2010.

The outlook is stable.

The agency said the Ba1 rating for Banco Hipotecario incorporates several positive factors, including a well-established franchise in a key economic sector, improved financial fundamentals and a very high level of institutional support.

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