Venezuela s CITGO Outlook Stable Says Fitch
CHICAGO Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at B and CITGO Holding (Holdco) at CCC+ , Opco s senior secured term loans, notes, and industrial revenue bonds at BB / RR1 , and Holdco s senior secured term loans and bonds at B+ / RR1 . Fitch withdrew the ratings on Opco s $650 million July 2021 term loan, which was repaid earlier. The Rating Outlook was revised to Stable from Negative.
The Outlook revision reflects CITGO s improved liquidity and maturity wall along with signs that the pandemic recovery will continue to accelerate.
Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch
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Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch
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Fitch Revises Outlook on Vietinbank to Positive; Affirms IDR at BB-
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