S&P affirms Pampa Energia

S&P said it affirmed the B+ corporate credit rating on Pampa Energia SA, as well as the B+ issue-level rating on its 2022 notes.

The outlook remains stable.

The agency said it rates Pampa's senior unsecured bonds at the same level as the corporate credit rating because priority liabilities represent only about 25% of its total financial liabilities, and S&P believes there is no relevant potential subordination for unsecured creditors.

© 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.