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Published on 6/24/2019 in the Prospect News Emerging Markets Daily.

S&P assigns B to YPF bonds

S&P said it assigned its B issue-level rating to YPF SA's (B/stable/--) proposed 10-year senior unsecured bonds.

“Our B rating on YPF mostly reflects its exposure to Argentina by virtue of being controlled by the Argentine government (through a 51% equity stake), and because YPF is the largest integrated oil company in the country and one of the largest entities operating there,” S&P said in a news release.


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