Moody’s changes view on Argentine companies

Moody's Investors Service said it changed to negative from stable the outlook for several companies operating in Argentina, while all ratings were affirmed.

The companies' outlook change follows the revision of the Argentine government's B2 rating outlook to negative from stable on July 12, Moody’s said.

Arcor SAIC’s corporate family rating and senior unsecured global notes' ratings were affirmed at Ba3. The company's outlook was changed to negative from stable.

Pampa Energía SA's corporate family rating and senior unsecured notes' ratings were affirmed at B2. The rating of the senior unsecured notes originally issued by Petrobras Argentina SA now assumed by Pampa Energía was also affirmed at B2. The outlook was changed to negative from stable.

Pan American Energy, SL's corporate family rating was affirmed at Ba3.

Raghsa SA’s corporate family rating and senior unsecured notes ratings were affirmed at B2.

Tecpetrol Internacional SLU's corporate family rating was affirmed at Ba3.

Tecpetrol SA's backed senior unsecured note's rating was affirmed at Ba3.

Telecom Argentina SA's senior unsecured note's rating was affirmed at B1.

YPF SA's senior unsecured notes ratings were affirmed at B2.

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