Moody’s revises Argentinean banks views

Moody's Investors Service said it revised the outlooks for several companies operating in Argentina to negative from stable. All of the ratings were affirmed.

The outlook changes follow the revision in Argentinean government's Caa1 rating outlook to negative from stable on July 31.

The following ratings were affected:

• Alto Parana SA: The B2 global local currency corporate family rating was affirmed. The outlook remains stable;

• Arcor SAIC: The B2 global local currency corporate family rating was affirmed. The outlook remains stable;

• Cablevision SA: The Caa1 global foreign currency corporate family rating and the Caa1 global foreign currency rating for the senior unsecured notes were affirmed. The outlook was changed to negative from stable;

• Pilisar SA: The Caa3 global local currency corporate family rating was affirmed. The outlook remains stable;

• YPF SA: The Caa1 and (P)Caa1 global foreign currency rating for the senior unsecured notes and medium-term note program were affirmed. The outlook was changed to negative from stable;

• Pan American Energy LLC, (Argentine Branch): The B2 and (P)B2 global foreign currency rating for the backed senior unsecured notes and medium-term note program were affirmed. The outlook remains stable; and

• Petrobras Argentina SA: The B2 global local currency corporate family rating, the (P)B2 global foreign currency rating for the senior unsecured medium-term notes and the (P)B1 global foreign currency rating for the senior secured medium-term notes were affirmed. The outlook remains stable.

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