Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for PDVSA (Petroleos de Venezuela SA) > News item |
Fitch upgrades PDVSA
Fitch Ratings said it upgraded the senior unsecured foreign currency rating of Petroleos de Venezuela SA (PDVSA) to B+ from B-. Fitch has also assigned the company a stable outlook.
The rating action follows Fitch's upgrade of the Bolivarian Republic of Venezuela's long-term foreign currency rating to B+ from B- and its long-term local currency (Venezuelan bolivar) rating to B+ from B-.
The sovereign actions reflect Venezuela's improved credit profile following the resolution of uncertainty related to the August presidential recall referendum, as well as higher international liquidity.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.