Moody's rates Ba3/Aaa.ar ICBC Argentina's Class VII local currency senior notes
Buenos Aires City, December 14, 2016-- Moody's Latin America Agente de Calificación de Riesgo has today assigned a Ba3 global local currency senior unsecured debt rating and an Aaa.ar Argentina national scale senior debt rating to Industrial and Commercial Bank of China S.A.' s Class VII issuance. The notes will be due 2018 and will be issued under ICBC Argentina's existing multi-currency senior unsecured program of $250 million, and up to ARS 700 million issued amount.
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