New York, January 22, 2015 -- Moody's assigned a Caa1 corporate family rating to Citgo Holding, Inc and a Caa1, LGD4 rating to its proposed USD 1 billion in secured Term Loan B and USD 1.5 billion in secured notes, both due in 2020. Proceeds of the transactions will be mostly used to pay dividends to PDVSA (Caa3 stable). The outlook on the ratings is stable.
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