Moody’s revises Pdvsa to negative

Moody's Investors Service said it changed the outlook on Petroleos de Venezuela SA’s (Pdvsa) ratings to negative from stable.

Moody's also affirmed Pdvsa's Caa3 issuer rating and lowered the company's baseline credit assessment to caa3 from caa1.

These rating actions follow Moody's March 4 decision to change the outlook on the Government of Venezuela's bond ratings to negative from stable.

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