New York, April 22, 2016 -- Moody's Investors Service (Moody's) announced today that the proposed offering up to $200 million Class XXIX Tranche 2 debt issuance by Banco Hipotecario S.A. (Hipotecario), as an add-on to Hipotecario's existing Class XXIX senior unsecured foreign currency debt due in November 2020, is rated B3. The new debt is being issued under New York law and carries a stable outlook.

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