YPF Gets Ratings Lift

YPF Gets Ratings Lift

Argentina Corporate & Sovereign Strategy

Moody’s has upgraded YPF’s rating to B3 from Caa1, it says, back in line with the agency’s mark for the Argentine sovereign. Though the country remains unpredictable, the state-controlled oil company renationalized last year has improved its finances enough to be brought back in line with the sovereign. “Despite a still limited track record since being nationalized and Moody’s continued concerns regarding an unpredictable government policy framework in Argentina, YPF has improved its liquidity p

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