YPF Reports Q4 Profit of $539mn; Announces Plan to Raise $2.7bn for Capex

YPF Upgraded to CCC

Rating agency Fitch upgraded YPF’s long-term rating to CCC after YPF struck a deal last week to swap $2.1bn in international bonds. Fitch estimated that YPF will pay an average of $700mn in interest per year through 2023. In the exchange, YPF issued: $775mn in 2026s...
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