Moody's: Argentine companies negative

Moody's Latin America said it revised to negative from stable and affirmed the current ratings on the following companies operating in Argentina: Pan American Energy LLC; Petrobras Argentina SA; Alto Parana SA; Aluar Aluminio Argentino SAIC; Arcor SAIC; Asociacion de Cooperativas Argentinas SA; Car Security SA; Carsa SA; Electroingenieria SA; Electronica Megatone SA; Fravega SA; Jose Cartellone Construcciones Civiles SA; Mirgor SA; Newsan SA; ODS SA; Raghsa SA; and Sullair Argentina SA.

Moody's said the outlook changes follow the revision in Argentinean government's B3 outlook to negative from stable on Sept.17.

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