S&P upgrades Argentine issuers

S&P said it raised its ratings on a group of Argentine companies to CCC from CCC-.

The upgrades follow the agency raising Argentina’s long-term foreign-currency sovereign credit rating and transfer and convertibility rating to CCC from CCC- on Friday.

The issuers are Aeropuertos Argentina 2000 SA, AES Argentina Generacion SA, Capex SA, Compania General de Combustibles SA, Empresa Distribuidora Y Comercializadora Norte SA, Pampa Energia SA, Telecom Argentina SA, Transportadora de Gas del Sur SA, YPF Energia Electrica SA and YPF SA.

The outlooks are stable.

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