Moody's affirms YPF

Moody's Investors Service said it affirmed all ratings of YPF SA with a stable outlook.

Ratings affirmed include YPF's B3 foreign currency issuer and corporate family ratings and the Ba2 senior unsecured debt ratings of both YPF and Maxus Energy, which is guaranteed by YPF, the agency said.

Moody's also re-assigned a local currency rating of Baa2. All ratings have a stable outlook.

Both YPF's foreign currency issuer and corporate family ratings are constrained by the sovereign rating.

At the time, Moody's also upgraded the company's unsecured ratings to Ba2 from Ba3, reflecting its view of the high likelihood of a debt moratorium being imposed by the Argentinean government, but a low likelihood of YPF being caught up in such a moratorium.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.