31.10.2014 22:17:00
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Petrobras Argentina S.A. -- Moody's downgrades Petrobras Argentina's guaranteed notes to Baa2/Aaa.ar
Buenos Aires City, October 31, 2014 -- Moody's Latin America has downgraded Petrobras Argentina S.A.'s (Petrobras Argentina) USD 300 million in guaranteed Series S notes (CUSIP 71646JAB5) to Baa2/Aaa.ar from Baa1/Aaa.ar. The downgrade reflects Moody's Investors Service downgrade of Petrobras S.A.'s (Petrobras) global foreign currency and local currency debt ratings to Baa2 from Baa1 on October 21, 2014. The rating outlook is negative. Due to an internal administrative error, this rating action was previously missed.