Moody's ups Petrotrin

Moody's Investors Service said it upgraded the foreign currency issuer rating of Petroleum Co. of Trinidad & Tobago (Petrotrin) to Baa2 from Baa3 with a stable outlook.

The agency said the rating action was prompted by Moody's upgrade of Trinidad & Tobago's long-term foreign currency ceiling, which constrains Petrotrin's foreign currency rating.

Petrotrin's rating reflects the application of Moody's rating methodology for government-related issuers, the agency noted.

© 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.