Fitch gives Pampa Energia notes B

Fitch Ratings said it assigned a B/RR4 rating to Pampa Energia SA's proposed senior unsecured notes.

Pampa Energia plans to use the proceeds for debt refinancing and general corporate purposes.

Fitch currently rates Pampa Energia's long-term foreign currency and local currency issuer default rating B.

The outlook is negative, similar to Argentina's sovereign outlook.

The agency said the rating is constrained by Argentina's B country ceiling, which limits the foreign currency rating of most Argentine corporates.

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