09.10.2013 21:52:00

Chubut, Province of -- Moody's affirms the B3 ratings (Global Scale, local currency) assigned to the Province of Chubut's Class 1 Notes and upgrades to A2.ar from Baa1.ar the Note's ratings on the...

Buenos Aires City, October 09, 2013 -- Moody's Latin America affirmed the B3 ratings (Global scale, local currency) assigned to Province of Chubut´s Class 1 Notes for up to USD355 million. At the same time, Moody´s Latin America upgraded to A2.ar from Baa1.ar the Note´s ratings in Argentina´s national scale. The notes "Bono para el Desarrollo e Infraestructura del Chubut or BODIC 1" have a maturity of 6 years and are payable in ARS Pesos. These notes will be issued under the provincial debt program for up to ARS2,065.5 million or its equivalent in other currencies (around USD355 million).

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