Moody’s assigns Ocensa notes Baa3

Moody’s Investors Service said it assigned a Baa3 rating to Oleoducto Central SA’s (Ocensa) proposed global notes.

The Baa3 rating is based on the rating of Ocensa, Moody’s said. The proposed notes are senior unsecured, unsubordinated and pari passu with Ocensa’s other senior foreign-currency debt.

Proceeds will be used to repay Ocensa’s $500 million of notes due May 2021.

The outlook is stable.

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