Moody's Cuts Petroleos de Venezuela Credit Ratings

摘要

Moody's Investors Service lowered credit ratings for state-owned Petroleos de Venezuela (PDV) and its US refining subsidiary Citgo on Thursday -- the latest blow for Venezuela, which has already been hit hard by the slump in oil prices. The agency said it had downgraded PDV's long-term issuer rating from Caa1 to Caa3.