29.01.2015 15:46:00

Cencosud S.A. -- Moody's assigns Baa3 rating to Cencosud's proposed notes; affirms Baa3 ratings; negative outlook

New York, January 29, 2015 -- Moody's Investors Service, ("Moody's") has assigned a Baa3 rating to Cencosud's proposed US$ 400 million senior unsecured notes due 2025. At the same time, Moody's affirmed its Baa3 ratings and maintained the negative outlook for all the existing ratings. The proposed notes, issued by Cencosud S.A., will be unconditionally guaranteed by Cencosud Retail S.A. Proceeds from the new notes will be used to pay down existing debt.

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