by Amruth Sundarkumar | Sep 28, 2022 | Corporates, Sovereign Bonds, Sovereigns
Select corporates and provincial Argentine bonds have rallied this year, with a significant divergence being observed compared to bonds of the sovereign. While Argentina’s sovereign dollar bonds are down 35% YTD, those of state-owned energy company YPF are up...
by Amruth Sundarkumar | Jun 3, 2022 | Corporates, Credit Ratings, High Yield Bonds
YPF’s stand-alone credit profile (SACP) was upgraded to ‘b’ from ‘b-‘ by S&P. Its revenues are continuing to grow and its capacity utilization is approaching 90%, S&P said. The rating agency said that “P1 reserves increased...
by Amruth Sundarkumar | Aug 12, 2021 | High Yield Bonds
Argentinan oil major YPF reported 1H2021 net losses of $486mn vs losses of $810mn in 1H2020. Revenues were up 72% to $3.35bn YoY, beating analysts’ estimates of $3.10bn. YPF attributed its revenue increase to shale production jumping 22% QoQ, primarily as a result of...
by bondevalue | May 12, 2021 | High Yield Bonds
Argentina’s oil company YPF reported 1Q2021 losses of $25mn despite higher revenues of $2.64bn, up 16.6% QoQ, but below the $2.8bn forecast. In 2020, YPF reported losses of $1.098bn. YPF said that revenues improved due to a general increase in volumes and prices of...
