This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
YPF Upgraded to B- by S&P
February 7, 2025
YPF was upgraded by two notches to B- from CCC by S&P. The upgrade follows the raising of Argentina’s transfer and convertibility (T&C) assessment to B- from CCC by the rating agency. The T&C assessment upgrade comes on the back of a perceived decrease in the risk of the sovereign interfering with domestic entities’ ability to access and transfer money abroad. Along with YPF’s upgrade, S&P also upgraded the ratings for seven Argentine infrastructure and corporate entities to B- from CCC, and three others to CCC+ from CCC. However, Argentina’s economic conditions remain fragile and the Argentinian companies’ ability to meet foreign-currency debt payments will continue to depend on their access to foreign currency, according to S&P.
YPF’s bonds traded stable with its 8.5% 2029s at 102.6, yielding 7.76%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
YPF Upgraded to CCC
February 19, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.