Moody’s rates YPF notes B2

Moody’s Investors Service said it assigned a B2 rating to YPF SA's proposed senior notes due 2029.

The issuance volume will be in line with benchmark size.

The outlook is stable.

Net proceeds from the proposed issuance will be used for liability management, capital spending and working capital requirements.

“YPF's B2 ratings reflect the company's large oil and gas production and reserve size, solid cash generation and credit metrics for its rating category,” the agency said in a news release.

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