BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Apr.2025) — Fitch Ratings affirmed Petrobras‘ long-term local and foreign currency issuer default ratings (IDRs) and outstanding […]
Tag: Fitch Ratings
Fitch Rates Crescent Energy’s $250mn Add-On Issue
(Fitch, 4.Sep.2024) — Fitch Ratings rates the $250mn add-on issue to Crescent Energy Finance LLC’s existing $750mn 7.375% 2033 notes, in line with Crescent’s existing […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) — Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it […]
Fitch Maintains Ecopetrol’s Rating at BB+, with Stable Outlook
(Ecopetrol, 20.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings affirmed the company’s long-term foreign and local currency issuer default rating […]
Fitch Affirms Freeport LNG Investments, LLLP of ‘B-‘
(Fitch Ratings, 1.May.2023) — Fitch Ratings has affirmed Freeport LNG Investments, LLLP‘s (FLNGI) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and secured debt rating at ‘B’/’RR3’. The […]
Petrobras on Rating Confirmation by Fitch
(Petrobras, 31.Jan.2023) — Petrobras informs that the rating agency Fitch reaffirmed its rating at “BB-“, with stable outlook, following Brazil’s rating. The stand-alone rating was […]
Fitch Ratings Maintains Ecopetrol’s Rating at BB+, with a Stable Outlook
(Ecopetrol, 18.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings maintained the company’s credit rating at “BB+”, with a stable outlook, […]
NRGBriefs: Fitch Upgrades Petrobras’ Credit Rating; Vista’s Earnings
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Fitch upgrading Petrobras’ credit rating; and Vista Energy, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) planning to […]
Distressed Argentina Oil Firm Leads Emerging-Market Bonds
(Bloomberg, 31.Mar.2022) — Only 14 months ago Argentina’s YPF SA was a nightmare for investors caught out by a $6 billion distressed debt restructuring. Now, […]
Sempra Infrastructure’s Mexico Subsidiary Credit Rating Upgraded by Fitch
(Sempra, 14.Mar.2022) — Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced that Fitch Ratings has upgraded its Mexico subsidiary’s long-term foreign and local […]
Fitch Confirms Petrobras’ Rating
(Petrobras, 8.Feb.2022) — Petrobras announced that the rating agency Fitch reaffirmed its rating at “BB-“, with negative outlook, following the Brazil’s rating. The standalone rating […]
NRGBriefs: Orea Prepping for Maripa Gold Project
(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Fitch Ratings affirming Frontera‘s IDR at ‘B’; Orea Mining Corp. commencing preparation for a diamond drilling program […]
Fitch Maintains Ecopetrol’s Rating At BB+
(Ecopetrol, 23.Nov.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that Fitch Ratings affirmed the company’s credit rating at BB+ with a stable outlook and the stand-alone […]
Pemex Safety Incidents Challenge Production Growth Target
(Fitch, 24.Aug.2021) — Pemex‘s reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company’s production growth rates, as this field is the company’s […]
Wall Street Giants Bet On Colombia Sinking Deeper Into Junk
(Reuters, 20.May.2021) — Wall Street banks predicted on Thursday that Fitch would downgrade Colombia’s credit rating to junk before the year is out and spark […]
Fitch Revises Citgo’s Outlook To Stable
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at ‘B’ and CITGO Holding (Holdco) at ‘CCC+’, […]
Petrobras’ Political Risk Raises Uncertainties
(Fitch, 23.Feb.2021) — The request to replace Petroleo Brasileiro S.A.’s (Petrobras, IDR BB-/Negative) CEO made by the Brazil’s Ministry of Mines and Energy is viewed […]
Fitch Downgrades YPF’s IDRs To ‘RD’
(Fitch Ratings, 18.Feb.2021) — Fitch Ratings has downgraded YPF S.A.‘s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to ‘RD’ from ‘C’, due to […]
Petrobras On Rating Maintenance By Fitch
(Petrobras, 16.Feb.2021) — Petrobras announces rating agency Fitch affirmed the ”BB-“ issuer default ratings for Petrobras, with a negative outlook, reflecting the agency’s opinion on […]
Fitch Rates Citgo’s Secured 2026 Notes ‘BB’/’RR1’
(Fitch, 3.Feb.2021) — Fitch Ratings has assigned a ‘BB’/’RR1’ to CITGO Petroleum Corporation’s (Opco) $650mn senior secured 2026 notes. Proceeds from the notes, along with […]
Citgo’s Going-Concern Value Approximately $5.78bn
(Energy Analytics Institute, 3.Feb.2021) — Houston-based refiner Citgo Petroleum’s going-concern value is approximately $5.78 billion, according to a recent analysis by Fitch Ratings. The value […]
Ecopetrol’s Bid For ISA Ratifies Govt Linkage
(Fitch Ratings, 28.Jan.2021) — Ecopetrol’s (BBB-/Negative) non-binding offer for the Colombian government’s 51.4% stake in Interconexion Electrica (ISA, BBB+/Negative) ratifies the company’s close linkage with […]
Argentina’s Plan Gas 4 To Provide Some Cash Flow Stability
(Ftich, 17.Dec.2020) — The contracts that the Argentine Ministry of Energy recently awarded to natural gas producers in the country under Plan Gas 4 (PG4) […]
Fitch Affirms Ecopetrol’s Investment Grade Rating
(Ecopetrol, 1.Dec.2020) — Ecopetrol reports that rating agency, Fitch Ratings, has affirmed the company’s credit rating at BBB- with a negative outlook and its standalone […]
Fitch Affirms Peru LNG At ‘BB-‘; Negative Outlook
(Fitch, 10.Sep.2020) — Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Rating Watch […]
Fitch Downgrades Suriname’s LT-FC IDR To ‘RD’
(Fitch Ratings, 13.Jul.2020) — Fitch Ratings has downgraded Suriname’s Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR) to ‘RD’ from ‘C’. KEY RATING DRIVERS The downgrade […]
Fitch Downgrades Suriname’s IDR To ‘C’
(Fitch Ratings, 2.Jul.2020) — Fitch Ratings has downgraded Suriname’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘CCC’. KEY RATING DRIVERS The downgrade […]
LatAm Infrastructure Projects At Risk
(Fitch Ratings, 27.May.2020) — Latin American infrastructure projects face heightened risk of grantor payment delays driven by the increased pressure the coronavirus pandemic is placing […]
Petrobras On Fitch’s Rating Outlook
(Petrobras, 7.May.2020) — Petrobras informs that the rating agency Fitch Ratings revised today the company’s international long-term ratings outlook from stable to negative, and maintained […]
Fitch Downgrades PEMEX, CFE, IEnova And Cometa
(Fitch Ratings, 17.Apr.2020) — Fitch Ratings has downgraded the international Foreign- and Local-Currency Long-Term ratings for Petroleos Mexicanos (PEMEX), Comision Federal de Electricidad (CFE), Infraestructura […]