Moody’s 162 bond fund ratings concluded and downgraded to Caa1 from B2.

Moody’s Latin America Agente de Calificación de Riesgo (“Moody’s”) has taken rating actions on 162 rated bond funds in Argentina. For all, the review for downgrade initiated on September 6, 2019, has been concluded. Moody’s 162 bond fund ratings reflect the maturity-adjusted weighted-average credit quality of the underlying investments in the bond funds’ portfolios, capped by the Argentinian local-currency country ceiling that was downgraded to Caa1 from B2.