Moody’s rates Puma Energy notes

Moody’s Ratings said it rated Puma International Financing SA’s new backed senior unsecured notes due 2029 Ba3. Parent Puma Energy Holdings Pte. Ltd. will guarantee the notes.

Concurrently, the agency affirmed its Ba3 ratings on Puma Energy and its outstanding backed senior unsecured notes due 2026.

“The affirmations and Ba3 assignment to the new notes reflect the credit-positive extension of Puma Energy's debt maturity profile through the planned partial refinancing of the 2026 notes via the new issuance. This is another step in Puma Energy's efforts to strengthen its capital structure and follows significant debt reduction in the last two years,” Moody’s said in a press release.

The outlook remains stable.

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