Latin American Herald Tribune - Venezuela's CITGO Outlook Stable Says Fitch
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 pande...
Source: laht.com