Buenos Aires City, June 16, 2015 -- Moody's Latin America Agente de Calificación de Riesgo S.A. (MLA) has today concluded its review on Banco Cetelem Argentina's (Cetelem) adjusted baseline credit assessment. MLA lowered the adjusted BCA of Cetelem to ba1 from a3. However, the bank's B1 debt and deposit ratings were affirmed. Moody's initiated the review on 17 March 2015 (see press release at http://www.moodys.com/viewresearchdoc.aspx?docid=PR_320912), following the publication of Moody's new bank rating methodology.
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