November 5, 2012
Fitch has raised Pacific Rubiales' credit rating to BB+ from BB, it says. "
Fitch has raised Pacific Rubiales' credit rating to BB+ from BB, it says. "The rating action reflects the company's successful production and reserve diversification efforts as well as its proven track record of increasing production while maintaining adequate reserve replacement ratios," Fitch says. It also notes adequate financial profile characterized by low leverage and strong interest and debt service coverage. The outlook is stable.