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Moody’s pares Poinsettia notes
Moody’s Investors Service said it trimmed the rating on Poinsettia Finance Ltd.’s $530.8 million of senior secured notes to B1 from Ba3. The notes are guaranteed by Petroleos Mexicanos (Pemex)
The downgrade follows a similar action on Pemex’s rating to B1 from Ba3, the agency said.
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