CITGO Downgraded on $1bn PDVSA Loan

CITGO Downgraded on $1bn PDVSA Loan

Citgo has negotiated a $1bn loan to parent PSDVSA to repay debt associated with the Cerro Negro oil project, prompting a downgrade from Fitch. The shop now rates CITGO at BB-. CITGO plans to term out the debt on its own balance sheet with a combinati

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial