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Fitch Rates Central Puerto's Foreign and Local Currency IDRs 'CCC' and 'B-'; Outlook Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned foreign and local currency Issuer Default Ratings (IDRs) of 'CCC' and 'B-', respectively, to Central Puerto S.A. (CEPU). Fitch has simultaneously assigned a rating of 'CCC+' to CEPU's notes with an outstanding balance of USD49.4 million that have a final maturity during 2017. The 'RR3' Recovery Rating assigned to the notes reflects the expectation of a recovery in the range of 50% to 70% in the event of default due to the company's extremely

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