NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the foreign and local currency Issuer Default Ratings (IDRs) of YPF S.A. (YPF) at ‘CCC’ and ‘B-‘, respectively. Fitch affirms the company’s long-term international bond ratings at ‘CCC’ and assigns an ‘RR4’ recovery rating to the company’s international senior unsecured bonds. The ‘RR4’ Recovery Rating for the company’s senior unsecured notes outstanding reflects an average expected recovery given default and is in line with the RR soft cap established for Argentina.

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