Mexico, June 06, 2014 -- Moody's said today that Alfa S.A.B. de C.V.'s (Alfa) acquisition of 729,700 common shares of Pacific Rubiales Energy Corp. (Ba2 stable) is credit positive for Alfa (Baa3 stable) as it increases its business diversification to benefit in the medium term from the energy reforms in Mexico. We do not anticipate any pressure on the Baa3 senior unsecured rating or stable outlook of Alfa as a result of this transaction given the modest expected impact on its credit metrics. These share purchases follows Alfa's strategy to capitalize opportunities created by Mexico's energy reform combined with its expertise in shale gas exploration and production (E&P) in North America.

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