Moody's assigns Caa3 rating to PDVSA's 2020 notes
New York, November 18, 2016-- Moody's Investors Service today assigned a Caa3 rating to Petroleos de Venezuela, S.A.' s 8.5% $3.4 billion in senior secured notes due 2020. The outlook on the rating in negative. On October 28, 2016, PDVSA exchanged its 5.250% senior notes due 2017 and 8.50% senior notes due 2017 for 8.50% $3,367,529,000 senior secured notes due in October 2020. The 2020 notes will be amortized in four equal installments, starting in 2017. The 2020 notes are secured by a...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.