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Moody's rates Cordial Compania Financiera debt issuances

February 6, 2014

MoodyÂs Latin America Agente de CalificaciÃn de Riesgo assigned a B2 global local currency senior debt rating to Cordial Compania Financiera S.A.'s class III bond expected issuance for an amount up to Ar$150 million, which will be due in 270 days, as well as to the class IV issuance for an amount up to Ar$150 million, which will be due in 18 months. Both expected issuances together should not exceed Ar$150 million. At the same time, on the National Scale, Moody's assigned Aa3.ar local currency debt rating to both expected issuances. The outlook on all ratings is negative, following the negative outlook on the sovereign ratings. The following ratings were assigned to Cordial Compania Financiera S.A. : Class III expected issuance of a maximum amount of Ar$150 million: B2 Global Local Currency Debt Rating, negative outlook. Aa3.ar Argentina National Scale Local Currency Debt Rating, negative outlook. Class IV expected issuance of a maximum amount of Ar$150 million: B2 Global Local Currency Debt Rating, negative outlook. Aa3.ar Argentina National Scale Local Currency Debt Rating, negative outlook.


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Source: EMBIN (Emerging Markets Business Information News)


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