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Prospect News home > News index > List of issuers E > Headlines for Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP > News item
Published on 9/9/2020 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch upgrades PetroAmazonas notes

Fitch Ratings said it upgraded the senior unsecured notes issued by Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP (PetroAmazonas) due in December 2021 to B-/RR4 from C/RR4.

“The upgrade of PetroAmazonas' senior unsecured notes rating reflect the upgrade of the Republic of Ecuador on Sept. 3, 2020 after the completion of a distressed debt exchange (DDE) that Fitch deems to have cured the default event initiated by the consent solicitation in April,” the agency said in a press release.


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