Fitch downgrades Citgo

Fitch downgrades Citgo

Economy & Policy Corporate & Sovereign Strategy Venezuela US

Fitch Ratings said it has downgraded PDVSA’s US subsidiary Citgo to CCC from B- because of potential contagion effects from its state-run parent. The rating agency said the downgrade reflected increased refinancing risks linked to its 2018 Holdco te

Already have an account?

Free trial

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

Free Trial