Moody’s cuts Petronin, debt to Ba1

Moody's Investors Service said it downgraded all senior unsecured debt ratings for Petroleum Co. of Trinidad & Tobago Ltd. (Petrotrin), including company's corporate family rating to Ba1 from Baa3.

The b1 baseline credit assessment remained unchanged.

The outlook was changed to negative from stable.

Moody’s said the action follows its April 30 downgrade of the Trinidad and Tobago's government ratings to Baa2 from Baa1, and outlook change to negative from stable.

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