September 21, 2004
Moody's raises Citgo outlook to positive
(International Oil Daily) - "Moody's Investors Service on raised the debt rating outlook for Citgo Petroleum Corp. to positive from negative, citing the company's improving financial condition and the recent upgrade of Citgo's parent, Venezuelan state oil company Petróleos de Venezuela. An outlook change to positive from negative indicates the company has a higher chance of its rating being raised over the next 18 months (...)".