S&P: Petroleos del Peru BBB-

Standard & Poor’s said it assigned a BBB- long-term corporate credit rating to Petroleos del Peru Petroperu SA.

The outlook is stable.

Petroperu is a government-related entity and the ratings reflect its B+ stand-alone credit profile and high likelihood of extraordinary support from the government, if needed, S&P said.

The company plays a very important role and has a very strong link with the government, the agency said.

© 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.