Moody’s rates YPF Energia notes B2/A1.ar

Moody's Investors Service said it assigned a B2 global scale rating and an A1.ar national scale corporate family rating to YPF Energia Electrica SA with a stable outlook.

At the same time, Moody’s assigned B2/A1.ar to YPF’s planned notes of up to $50 million under its medium-term note program.

Proceeds from the notes will be used by the issuer to fund its investment program and will have a bullet amortization in two years from the issuance date.

Moody's said the ratings reflect the stable and predictable nature of the company's business model, derived from a majority of long-term contracted revenues, arising from long-term power purchase agreements, under fixed price capacity payments.

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