Rating Action:
Moody's upgrades the Province of Tierra del Fuego's issuer ratings to B3, outlook stable
13 Nov 2018
New York, November 13, 2018 -- Moody's Investors Service ("Moody's") upgraded today the Province of Tierra del Fuego issuer rating to B3 from Caa1 (Global Scale foreign currency). The outlook was changed to stable from positive. At the same time, Moody's has upgraded to b3 from caa1 the Province's Baseline Credit Assessment (BCA). Finally, Moody's has upgraded to B2 from B3 (Global Scale foreign currency) the Province's USD 200 million Secured Notes.
RATINGS RATIONALE