New York, April 20, 2015 -- Moody's Investors Service has today expanded the portion of Argentina's debt that is rated (P)Caa2. The (P)Caa2 rating reflects the higher risk of default for both Argentina's restructured foreign legislation debt (as before) and, additionally now, its restructured local legislation foreign currency obligations, as compared with the risk of default on other debt instruments issued by Argentina. Argentina's local currency debt and its non restructured foreign currency debt are rated Caa1. The debt that remains in default since Argentina's 2001 default is rated Ca.

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