Moody’s changes outlook on Argentine issuers

Moody’s Investors Service said affirmed the ratings of eight non-financial non-utilities companies with operations in Argentina and changed the outlooks to stable from negative on all these companies.

The rating actions on these companies follow Moody’s affirmation of Argentina’s government bond rating at Ca, with the outlook changed to stable from negative, on Monday, the agency said.

The companies are Arcor SAIC, Pan American Energy SL, Pan American Energy, SL, Argentine Branch, Raghsa SA, Tecpetrol Internacional SLU, Tecpetrol SA, Telecom Argentina SA and YPF SA.

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