Moody’s rates Pampa Energia notes B2

Moody's Investors Service said it assigned a B2 rating to Pampa Energia SA's proposed senior notes.

The outlook is stable.

Net proceeds from the proposed issuance will be used for liability management, capital spending, working capital and/or make capital contributions to subsidiaries or affiliates.

The agency said Pampa's B2 ratings are supported by the company's diversified portfolio of operations, with upside potential in the power industry in Argentina, a benign pricing framework for natural gas and power sectors in Argentina and good credit metrics for its rating category pro-forma for the proposed notes.

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