Moody’s Latin America Agente de Calificación de Riesgo (“Moody’s”) downgraded the ratings on 10 utilities and infrastructure companies operating in Argentina and placed their ratings under review for downgrade. The rating action follows the downgrade of the Government of Argentina’s senior unsecured ratings to Caa2 from B2, and placement of the ratings under review for downgrade and reflects the strong credit linkages and exposure these companies have to Argentina’s regulations and operating environment.
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