Fitch places CITGO Petroleum, parent firm on rating watch negative

27 February 2019, News Wires — Ratings agency Fitch on Monday placed the U.S. subsidiary of Venezuela’s state-owned PDVSA, CITGO Petroleum Corp, on rating watch negative due to the impact of recent U.S. sanctions on the South American country. The agency also placed CITGO’s parent firm CITGO Holding Inc on rating watch negative. The United States … More »