Moody’s: PSA Finance Argentina bonds B1

Moody's Latin America said it assigned a B1 global local currency senior debt rating to PSA Finance Argentina Compania Financiera SA’s 23rd bond issuance, due in 24 months, for up to ARS 300 million.

The global ratings have a positive outlook, in line with the positive outlook on the B3 government bond rating, while the national scale ratings have a stable outlook.

Moody’s said the global scale ratings are constrained by Argentina's operating environment, which remains challenging despite various market-friendly policy reforms implemented by the new administration that are expected to result in a return to economic growth and a continued decline in inflation this year. These environmental challenges outweigh PSA's sound financial fundamentals.

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