Moody’s gives Ba2 to Puma notes

Moody's Investors Service said it assigned a Ba2 rating to the proposed issuance by Puma International Financing SA of senior unsecured notes guaranteed by Puma Energy Holdings Pte Ltd.

The outlook is stable.

The agency said the Ba2 rating on the proposed senior unsecured notes and on the existing senior unsecured notes due 2021 reflects the pari passu ranking of the bondholders to other debt at various operating subsidiaries of the group.

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