Pacific Rubiales bond drops despite 'priced in' downgrade
Fitch downgraded Colombia’s largest private oil company Pacific Rubiales by one notch to BB and placed the rating on negative outlook on Monday. Prices in the company's bonds fell but bond traders said movement was minimal.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts