Moody’s Negative on YPF, TGS

Moody’s Negative on YPF, TGS

Argentina

Moody’s has put the ratings of Argentina-based YPF under review for possible downgrade and chopped also TGS. The agency placed YPF’s on review because of deteriorating economic conditions in Argentina and the decline in global commodity markets, and also because of concerns that higher government revenue needs and an unpredictable government policy framework could lead to tax and regulatory changes that will pressure YPF’s financial profile and operating performance. The affected ratings are

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