Fixed Income Analysis /

YPF S.A.: Initiating coverage with a BUY recommendation

    Rafael Elias
    Rafael Elias

    Director, Latin America Credit

    Tellimer Research
    9 January 2018
    Published by
    We are initiating coverage of the YPF Sociedad Anónima (YPFDAR) family of bonds with a BUY recommendation on the basis of yield, relative value to its regional peers, and our belief that this should be a core holding for portfolios invested in Argentine assets.