TEXT-Fitch expects to rate GeoPark's proposed notes 'B'
January 25, 2013 at 13:07 PM EST
Jan 25 - Fitch Ratings has assigned foreign and local currency Issuer Default Ratings (IDRs) of 'B' to GeoPark Latin America Limited Agencia en Chile (GeoPark). In addition, Fitch has assigned an expected rating of 'B' to the company's proposed debt issuance of up to USD300 million The Rating Outlook is Stable. GeoPark expects to use the proceeds from the issuance to refinance most of its existing debt, partially fund its 2013 capital expenditures, and for other general corporate purposes, incl