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Fitch Affirms Pan American Energy LLC's Foreign and Local Currency IDRs; Outlook Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the foreign and local currency Issuer Default Ratings (IDRs) of Pan American Energy LLC (PAE) at 'B-'/'B+'. Fitch has also affirmed PAE's Argentine subsidiary, Pan American Energy LLC Sucursal Argentina's (PAME), USD500 million senior unsecured debt rating at 'B', and the Recovery Rating for the company's international senior unsecured bonds was revised to 'RR4' from 'RR3'. The 'RR4' for the company's senior unsecured notes outstanding refle

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