🟢 YPF is trading 5.2% up today following a Fitch credit rating upgrade

YPF is trading 5.2% up at $51.10 following a credit rating upgrade from Fitch Ratings and continued bullish sentiment.

• On May 26, Fitch Ratings upgraded YPF's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'CCC+'.
• The upgrade was driven by an improvement in Argentina's sovereign rating and YPF's strong strategic importance and improving operating metrics.
• This news has extended a strong upswing that began in mid-May, with the stock significantly outperforming the broader market.