07.10.2013 17:39:00
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Pacific Rubiales Energy Corp. -- Moody's affirms Pacific Rubiales ratings on announced PMG acquisition
New York, October 07, 2013 -- Moody's Investors Service affirmed Pacific Rubiales Energy Corp.'s (PRE) Ba2 Corporate Family Rating (CFR) and long-term debt rating in response to the announcement that the company will acquire Petrominerales Ltd. (PMG) in a debt-financed transaction valued at C$1.675 billion, including C$640 million of assumed debt. The rating outlook is stable.