Fitch gives GeoPark notes B

Fitch Ratings said it has assigned foreign and local currency issuer default ratings of B to GeoPark Latin America Ltd. Agencia en Chile.

In addition, Fitch said it has assigned an expected rating of B to the company's proposed debt issuance of up to $300 million.

The outlook is stable.

According to the agency, 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, including possible new acquisitions.

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