Buenos Aires City, April 22, 2016 -- Moody's Latin America Agente de Calificación de Riesgo upgraded the global scale and placed on review direction uncertain the national scale ratings of several Argentine securitizations. The action follows Moody's 15 April 2016 upgrade of the Argentine government's bond rating to B3 (stable outlook) from Caa1 (positive outlook); and Argentina's local currency country ceiling to Ba3 from B1. The improvement in Argentina's credit profile as captured in the rating upgrade has direct implications for the ratings of Argentine securitizations, given that it also expresses a decrease of systemic risks for all local credits.
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