Fitch rates Pan American Energy notes BB-

Fitch Ratings said it assigned a long-term rating of BB-/RR3 to Pan American Energy LLC Surcursal Argentina’s proposed unsecured offer of up to $75 million, which can be increased to $120 million.

The notes are guaranteed by Pan American Energy SL.

The rating outlook for the foreign currency issuer default rating is positive. The Rating outlook for the local currency IDR remains stable.

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