Moody's upgrades Pampa

Moody's Investors Service said it upgraded Pampa Energia SA's B3 global scale corporate family rating and the ratings on its senior unsecured notes to B2 from B3.

These upgrades were based on the company's solid cash flow, particularly in power generation and distribution, Moody's said.

The upgrades also consider an expectation for better cash flow visibility in the next two to three years, the agency added.

The outlook is stable.

Pampa's cash flow generation has been supported by the favorable regulatory environment in Argentina in sectors in which the company concentrates its business and capital investments, Moody's explained.

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