Buenos Aires City, October 21, 2016 -- Moody's Latin America Agente de Calificación de Riesgo (Moody's) affirmed Petrobras Argentina S.A. (PESA)'s rating on its B3/Baa3.ar $500 million in senior unsecured notes. At the same time, the outlook was changed to developing from negative. The rating action reflects the completion of the acquisition of PESA by Pampa Energia S.A. (Pampa, not rated) and the ongoing proposed merger into the later.
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