Moody’s might lower Petrobras Argentina notes

Moody's Latin America said it placed the Baa2/Aaa.ar ratings on Petrobras Argentina SA's $300 million in guaranteed series S notes on review for possible downgrade.

The action reflects Moody's Investors Service's Dec. 23 action of placing Petrobras SA's Baa2 global foreign currency and local currency debt ratings on review for possible downgrade. The action reflected concern about potential liquidity pressures that could arise if the company does not meet requirements under its bond indenture for the delivery of financial statements and holders choose to take actions that could lead to acceleration.

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