Re: FRAN BBVA Banco Frances
Publicado: Jue Oct 13, 2016 2:42 pm
Moody's assigns a Aa2.ar debt rating to PSA Finance Argentina Compania Financiera S.A.'s debt issuances
Global Credit Research - 07 Oct 2016
Buenos Aires City, October 07, 2016 -- Moody's Latin America Agente de Calificación de Riesgo S.A. (MLA) has assigned today B1 global scale and Aa2.ar national scale local currency senior debt ratings to PSA Finance Argentina Compania Financiera S.A.'s twenty-first and twenty-second bond issuances, due in 12 and 18 month respectively, for a combined amount up to ARS250 million. The issuances are under PSA's ARS800 million senior unsecured note program. The ratings have stable outlooks.
The following ratings were assigned to PSA Finance Argentina Compania Financiera S.A.:
ARS250 million Series 21 senior unsecured debt
B1 Global Local Currency Debt
Aa2.ar Argentina National Scale Local Currency Debt Rating
ARS250 million Series 22 senior unsecured debt
B1 Global Local Currency Debt
Aa2.ar Argentina National Scale Local Currency Debt Rating
RATINGS RATIONALE
PSA Finance is owned 50%-50% by France's Banque PSA Finance (BPF) (ba1 stable), and Argentina's BBVA Banco Frances S.A.
Global Credit Research - 07 Oct 2016
Buenos Aires City, October 07, 2016 -- Moody's Latin America Agente de Calificación de Riesgo S.A. (MLA) has assigned today B1 global scale and Aa2.ar national scale local currency senior debt ratings to PSA Finance Argentina Compania Financiera S.A.'s twenty-first and twenty-second bond issuances, due in 12 and 18 month respectively, for a combined amount up to ARS250 million. The issuances are under PSA's ARS800 million senior unsecured note program. The ratings have stable outlooks.
The following ratings were assigned to PSA Finance Argentina Compania Financiera S.A.:
ARS250 million Series 21 senior unsecured debt
B1 Global Local Currency Debt
Aa2.ar Argentina National Scale Local Currency Debt Rating
ARS250 million Series 22 senior unsecured debt
B1 Global Local Currency Debt
Aa2.ar Argentina National Scale Local Currency Debt Rating
RATINGS RATIONALE
PSA Finance is owned 50%-50% by France's Banque PSA Finance (BPF) (ba1 stable), and Argentina's BBVA Banco Frances S.A.