S&P: YPF unaffected

Standard & Poor's said YPF SA's (foreign currency: BB/stable/--; local currency: BB+/positive/--) recently announced sale of its 28% stake in PBB Polisur SA for $97.5 million to Dow Chemical Co. (A-/negative/A-2) does not affect YPF's ratings or outlook.

From a credit perspective, S&P said those assets are not part of the company's core operations, nor do they provide a significant amount of funds or dividends.

YPF's credit quality will continue to be linked to the credit quality of its parent, Repsol-YPF SA (BBB+/stable/A-2), and its performance in the exploration and production business and in its refining and marketing operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.