Buenos Aires, City of -- Moody's assigns debt ratings to the City of Buenos Aires

Buenos Aires City, December 17, 2012 -- Moody's Latin America has assigned ratings of (P)B3 (global scale) and A3.ar (Argentina National Scale) to the Series 2 of notes to be issued by the City of Buenos Aires under the 2012 Local Market Financing Program for up to US$85 million. The Series 1 was sold in October 2012 and was rated (P)B3 (global scale) and A3.ar (Argentina National Scale). The bonds to be issued under the program will be subscribed and payable in Argentine pesos at the specified exchange rate and sold in the local capital market. The assigned ratings are in line with the city's local currency debt ratings.

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