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Prospect News home > News index > List of issuers C > Headlines for Citgo Petroleum Corp. > News item
Published on 5/2/2014 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch: Citgo outlook to negative

Fitch Ratings said it affirmed the issuer default ratings for Citgo Petroleum Corp. at BB- and the senior secured ratings (including the revolver, term loans and fixed-rate industrial revenue bonds) at BB+.

The outlook was revised to negative from positive.

Fitch said the outlook revision was mainly due to the recent downgrade of Citgo's ultimate parent, Pdvsa.


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