Fitch Affirms PDVSA's Ratings at 'CC'

Fitch Ratings has affirmed Petroleos de Venezuela S.A.'s (PDVSA) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'CC' and the company's National Scale long-term rating at 'CCC(ven)'. Fitch has also affirmed the approximately USD30 billion of senior unsecured debt outstanding at 'CC/RR4' and the company's recent senior secured notes issuance of approximately USD3.4 billion at 'CC/RR4'. Please see the full list of rating actions at the end of this release. More…