Moody's rates Tengizchevroil notes Baa3

Moody's Investors Service said it assigned definitive Baa3 ratings to the $1.1 billion 6.124% notes issued by Tengizchevroil Finance Company Sarl, guaranteed on a senior secured basis by Tengizchevroil LLP. The outlook is stable.

Moody's said its definitive rating affirms the prospective rating assigned on Nov. 1.

Tengizchevroil is an oil company in Kazakhstan, with revenues of $3.5 billion in the first nine months of 2004. Its partners are ChevronTexaco (50%), ExxonMobil (25%), KazMunayGas (20%) and Lukarco (5%).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.