New York, October 21, 2016 -- Moody's Investors Service (Moody's) affirmed Petrobras Argentina S.A. (PESA)'s Corporate Family Rating and the rating on its $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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