Fitch affirms Pampa Energia

Fitch Ratings said it affirmed Pampa Energia SA's long-term foreign currency and local currency issuer default rating at B.

The outlooks for both are negative, similar to Argentina's sovereign outlook, the agency said.

Fitch also affirmed Pampa's senior unsecured notes at B/RR4.

“Pampa's B LT FC issuer default rating is constrained by Argentina's country ceiling of B, which limits the foreign currency rating of most Argentine corporates,” the agency said in a news release.

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