Citgo Petroleum Corporation http://www.alacrastore.com/company-snapshot/Citgo_Petroleum_Corporation-1003629 Sunday, November 23, 2008 3:36:23 PM 1003629 Citgo Petroleum Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/412070_report_framefitch/412070_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citgo Petroleum CorporationSeacor Holding, Inc.Tesoro CorporationSunoco Inc.Devon Energy CorporationChesapeake CorporationMarathon Oil CorporationHess CorpTransocean Inc.Pride International, Inc.Valero Energy CorporationNabors Industries IncAnadarko Petroleum CorporationPioneer Natural Resources CompanyNewfield Exploration CompanyNoble Drilling (Nederland) B.V.8009176380092352800913518009009882056460800911808045197880091465839693078714357080090099807029798009076280090697800917538008930810/30/2008 2:14:00 PM0103000001031000070500000401030101040000275Special ReportDVNMROCSKEHESTSONFXRIGPXDCKHAPCVLOSUNPDE412070_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/679341spcred/679341normThe latest Summary from S&Pglobal10/28/2008 12:44:00 AM175Summary679341United StatesOil & Gas Refining & MarketingUnited StatesEmerging MarketsLatin AmericaGlobal IssuersFinancial InstitutionsCorporationsEnergyGasMetals & MiningSummaryThe ratings on CITGO Petroleum Corp. reflect the company's satisfactory business risk profile and an aggressive financial risk profile, but it is limited by the rating on parent company Petroleos de Venezuela S.A. (PDVSA; BB-/Stable/--). CITGO's credit strength as a stand-alone entity is based on the scale and complexity of its refining operations, which have net crude processing capacity of 750,000 barrels per day (bpd) through three fuel refineries. Over the past two years the company has sold several of its assets, including two asphalt refineries, its interests in major refined-products pipelines, and its 41% nonoperating interest in the Lyondell-CITGO Refining L.P. (LCR; unrated) joint venture to Lyondell Chemical Co. in 2006. The company upstreams proceeds from asset sales toUSA17302U17302X17304*10102030 101020 1010 10CITGO Petroleum Corp.121290USAEMERGINGLATAMERICA5369ZSUMMARYVEN71654S71655A71654R71655B10102020 101020 1010 10Petroleos de Venezuela S.A.119481EMERGINGLATAMERICAPDVSA@VCGLOBISSFICORPEnergyGasMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/459738spcred/459738normThe latest Research Update from S&Pglobal10/16/2008 2:57:04 AM175Research Update459738United StatesOil & Gas Refining & MarketingEmerging MarketsLatin AmericaUnited StatesGlobal IssuersCorporationsSovereignsFinancial InstitutionsGasEnergyMetals & MiningResearch UpdateOn Aug. 26, 2005, Standard&Poor's Ratings Services affirmed its 'BB' corporate credit rating on refiner and marketer CITGO Petroleum Corp. The outlook is stable. The affirmation follows the upgrade of CITGO's parent, Petroleos de Venezuela S.A. (PDVSA), and the Bolivarian Republic of Venezuela. The corporate credit rating on PDVSA was raised to 'B+' from 'B' and the long-term foreign and local currency sovereign credit ratings on the Bolivarian Republic of Venezuela were raised to 'B+' from 'B'. The ratings on PDVSA and Venezuela are equalized because of their ties of ownership and economic interests. The ratings on CITGO were not raised in step with those of the parent in part due to continuing uncertainty regarding PDVSA's strategic plansUSA17302U17302X17304*10102030 101020 1010 10CITGO Petroleum Corp.121290EMERGINGLATAMERICAUSA5369ZRESUPDVEN71655A71654R71654S71655B922646P9749710102020 101020 1010 10Venezuela (Bolivarian Republic of)Petroleos de Venezuela S.A.102490119481LATAMERICAEMERGING1069Z@VCPDVSA@VCGLOBISSCORPSOVFIGasEnergyMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/403906_report_framefitch/403906_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.American Airlines, Inc.AMR CorporationCitgo Petroleum CorporationCon-Way IncConocoPhillipsContinental Airlines, Inc.CSX CorporationDelta Air Lines, Inc.Federal Express CorporationFedEx CorporationFord Motor CompanyGeneral Motors CorporationJetBlue Airways CorporationKirby CorporationMarathon Oil CorporationNorfolk Southern CorporationSouthwest Airlines CompanySunoco Inc.Tesoro CorporationUAL CorporationUnited Air lines Inc.USF CorporationValero Energy CorporationYRC Worldwide Inc80088995800890008008902480089308800900988009076280091049800911068009118080091748800917538009214580361387803613888036146180361701813882688138827981986345823918998276472083067925833892638338926683589265835894689/23/2008 2:20:41 PM01030000010308000103100001031300010313010104000001070000275Special ReportAMRCALCNWCOPCSXDALFFDXGMJBLUKEXLUVMRONSCSUNTSOUAUAVLOYRCW403906_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/390686_report_framefitch/390686_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citgo Petroleum Corporation800893086/23/2008 2:13:34 PM0103000001031000425Full Rating Report390686_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/390056_report_framefitch/390056_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AmeriGas Partners, L.P.AP Eagle Finance CorpBP plcCitgo Petroleum CorporationConocoPhillipsExxon Mobil CorporationGovernment of VenezuelaIdaho Power CompanyMarathon Oil CorporationNuStar Logistics L.P.Pacific Gas and Electric CompanyPetroleos De Venezuela SARoyal Dutch Shell PLCSan Diego Gas & Electric CompanySouthern California Edison CoSunoco Inc.Tesoro CorporationTucson Electric Power CompanyValero Energy Corporation80088918800889288008893980089248800893088008948980089773800900988009076280091180800917538009214580361439804422118046406580464377805387348089125980977231830239346/16/2008 2:13:00 PM010000000102000001020100010203000102080001030000010310000104000005000000275Special ReportAPUBPCOPMRORDSASUNTSOVLOXOM390056_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/415756_pr_framefitch/415756_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citgo Petroleum CorporationConocoPhillipsExxon Mobil CorporationMarathon Oil CorporationSunoco Inc.Tesoro CorporationValero Energy Corporation80089308800900988009076280091180800911898009175380092145803614398036144180417179805387344/1/2008 6:28:00 PM01030000010310000104000085Press ReleaseCOPMROSUNTSOVLOXOM415756_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_149545_800876moodys/PR_149545_800876htmlMoody's Comments on Legal Injunctions Against Petroleos de VenezuelaAnnouncement2/21/2008 12:15:33 PMVenezuela, Government of800876150.0000Newshtml798400175425Petroleos de Venezuela, S.A.CITGO Petroleum Corporation600013497VenezuelaCITGO Petroleum Corporation; Petroleos de Venezuela, S.A.; Venezuela; ...PR_149545_800876Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/402225_pr_framefitch/402225_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Anadarko Petroleum CorporationApache CorporationBP plcBurlington Resources Inc.CGGVeritas Services, Inc.Chesapeake Energy CorporationChevron CorpCitgo Petroleum CorporationDevon Energy CorporationEmpresa Colombiana de Petroleos (ECOPETROL)Halliburton CompanyHess CorpKerr-McGee CorporationKinder Morgan Energy Partners LPKnight Inc.Marathon Oil CorporationNabors Industries Ltd.Newfield Exploration CompanyNoble Drilling (Nederland) B.V.OAO GazpromOccidental Petroleum CorporationPennzenergyPetroleo Brasileiro S.A.Petroleos De Venezuela SAPetroleos MexicanosPioneer Natural Resources CompanyPlum Creek Timber CompanyPride International, Inc.Sunoco Inc.Tesoro CorporationThe Premcor Refining Group,Inc.The Williams Companies, Inc.Transocean Inc.Union Oil Company of CaliforniaValero Energy CorporationWestern Gas Resources, Inc.8008891980088967800889918008916980089308800894898008977380089904800899608009009880090099800901008009056280090611800906128009069780090762800908028009109880091143800911808009118880091189800912848009135180091465800917538009176380091781800920748009235280361439803617338041717980503795807023998070297980754069813741298150557682056460863413071/18/2008 2:15:00 PM010000000102000001020300010300000103100001031200010312010104000075Press ReleaseAPAAPCBPCHKCVXDVNGAZPHALHESKMPMRONBRNFXOXYPCLPDEPETR3PXDRIGSUNTSOVLOWMB402225_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/367142_report_framefitch/367142_report_framepdfBP plcCitgo Petroleum CorporationConocoPhillipsExxon Mobil CorporationMarathon Oil CorporationRoyal Dutch Shell PLCSunoco Inc.Tesoro CorporationValero Energy Corporation80089308800897738009009880090762800911808009175380092145803614398041717980538734808912591/4/2008 6:29:00 PM250Special ReportBPCOPMRORDSASUNTSOVLOXOMFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.367142_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/365382_report_framefitch/365382_report_framepdfCA, Inc.Citgo Petroleum CorporationClear Channel Communications, Inc.Continental Airlines, Inc.Mountaineer Gas CompanyQwest Communications International, Inc.Tribune Company8008930880089378800902028009104981393454816542828399770612/29/2007 3:06:00 PM0102000001020300010300000103040001030500010307000103080001031000250NewsletterCACALCCUQFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.365382_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/357724_report_framefitch/357724_report_framepdfNFX80702979Pioneer Natural Resources Company12/24/2007 11:15:00 AM0103000080091770MRO8009175382056460Transocean Inc.SIIFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Tesoro CorporationAnadarko Petroleum Corporation8009146580090098VLORIGDevon Energy CorporationCitgo Petroleum CorporationChesapeake Energy Corporation01040000Sunoco Inc.01031000APC800906978009076280089308Valero Energy Corporation8009056280091180CHKSpecial ReportPXDPride International, Inc.TSOHESSmith International, Inc.DVNNewfield Exploration Company80090099Marathon Oil Corporation80092352PDE80091351Hess Corp250SUN357724_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/447366spcred/447366normThe latest Summary from S&P12/23/2007 11:36:04 PMSummary175global447366Global IssuersFinancial InstitutionsCorporationsGasEnergyMetals & MiningSummaryThe ratings on Houston, Texas-based CITGO Petroleum Corp. reflect the company's competitive position in the highly cyclical and capital-intensive U.S. refining and marketing industry, and risks associated with its ownership by Petroleos de Venezuela S.A. (PDVSA), the national oil company of Venezuela, which constrains the ratings at CITGO. CITGO holds and operates several of PDVSA's U.S. refining and marketing operations, which include three wholly owned fuel refineries, two asphalt refineries, and (in a nonoperating position) its 42% interest in the Lyondell-CITGO Refining L.P. joint venture. The gross crude capacity of CITGO's refineries is about 1.13 million barrels per day (bpd)--net crude capacity is 970,000 bpd--placing it among the largest refiners in the U.S. The company has supply arrangements with moreCITGO Petroleum Corp.121290SUMMARYPetroleos de Venezuela S.A.Lyondell-CITGO Refining L.P.119481367865GLOBISSFICORPGasEnergyMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_62461_600044706moodys/PR_62461_600044706htmlRating Action12/21/2007 4:58:07 AMGlobal Credit Research Rating Action # DEC #### Rating Action: Sincrudos de Oriente SINCOR C.A. Moodys Reviews for Downgrade PDVSA Ratings of Related Entities; Monitors Developments in Venezuela Moodys Investors Service placed under...Sincrudos de Oriente SINCOR C.A.600044706150.00Newshtml600035832Petrozuata Finance Inc.600060287Hamaca Holding LLC600043492Cerro Negro Finance, Ltd.798400Petroleos de Venezuela, S.A.600011030PDV America Inc.600008010Bariven, S.A.395400Illinois Development Finance Authority351555Gulf Coast Industrial Development Authority175425CITGO Petroleum Corporation132300Calcasieu Parish Industrial Develop. Bd., LABariven, S.A.; Calcasieu Parish Industrial Develop. Bd., LA; ...PR_62461_600044706Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/396653_pr_framefitch/396653_pr_framehtmlCitgo Petroleum Corporation8008930812/19/2007 2:14:00 PM010300000103100075Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.396653_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/395652_pr_framefitch/395652_pr_framehtmlRIG80091180XOMExxon Mobil Corporation8008896780090762Press ReleasePDE80092145800917818009176301020300CVXNewfield Exploration CompanyTransocean Inc.8008899180090100Halliburton Company010300008070297980091189NFX010312018150557601040000Chevron CorpSUNSunoco Inc.Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Marathon Oil CorporationDevon Energy CorporationNoble Drilling (Nederland) B.V.MRO80090099Apache Corporation8041717980538734DVNPride International, Inc.Burlington Resources Inc.Western Gas Resources, Inc.VLOAnadarko Petroleum Corporation80092074PennzenergyChesapeake Energy CorporationValero Energy CorporationHALCOPOccidental Petroleum Corporation12/18/2007 10:14:00 AMConocoPhillipsPure Resources, Inc.80503795Citgo Petroleum Corporation0103100080091188PCLKerr-McGee CorporationPioneer Natural Resources Company8009061180091098010312008009069780091753Tesoro Corporation8009056280090554TSO80091465OXYPXD7582056460The Premcor Refining Group,Inc.CHKPlum Creek Timber CompanyAPACGGVeritas Services, Inc.8009135180754069Knight Inc.APC800911438008930880090098395652_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/362812_report_framefitch/362812_report_framepdfOXY80089308Rosneft OJSCENI SpA80702979BG Energy Holdings Limited81505576PKN ORLEN SAXOM80090918National Iranian Oil CompanyENIDevon Energy Corporation8009175380417179AKVERTUPRSROSN800917638009146580090099ConocoPhillipsGAZPTurkish Petroleum Refineries Corp.(TUPRAS)Special ReportHAL8009076280702399PTOFS80089773Transocean Inc.LKOH83396462808912592508036060480091351MRO81632462Petrol ADAnadarko Petroleum CorporationHalliburton CompanySIISmith International, Inc.Citgo Petroleum CorporationTesoro CorporationRompetrol Group N.V.84148869PKN82056460TSOExxon Mobil Corporation80088967070400008053873482486714Apache CorporationBPTatneft OAOTengizchevroil Finance Company S.ar.l80090783RDSACVXNoble Drilling (Nederland) B.V.80909031Total SA80090100CHK80090098NJSC Naftogaz of UkraineMarathon Oil Corporation01000000812082358036039401031000Pride International, Inc.PXD80091180Sunoco Inc.Pioneer Natural Resources CompanySUN830743260700000001030000Nabors Industries IncPDECOPTATNTNK-BP International Limited80092145Hess Corp80090562010400008009069780090921Chesapeake Energy Corporation12/18/2007 10:14:00 AMValero Energy CorporationHES83969307VLOFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.JSC NC KazMunyjGazOAO GazpromAker Kvaerner ASARepsol YPF S.A.01020000BP plc80090711APA80503795APCDVNChevron CorpOccidental Petroleum CorporationLukoil OAOPETREPRoyal Dutch Shell PLCPetrol Ofisi A.S.8009177080512806RIG81167235NFX853654730120278009087881184252Newfield Exploration Company80092352362812_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/RU_175425_906246moodys/RU_175425_906246htmlRating Update12/18/2007 6:09:44 AMGlobal Credit Research Rating Update # DEC #### Rating Update: CITGO Petroleum Corporation MOODY'S INVESTORS SERVICE UPGRADES THE RATING FOR INDUSTRIAL DEVELOPMENT BOARD OF THE PARISH OF CALCASIEU, INC. ENVIRONMENTAL REVENUE REFUNDING...CITGO Petroleum Corporation175425150.0000Newshtml132300Calcasieu Parish Industrial Develop. Bd., LACalcasieu Parish Industrial Develop. Bd., LA; CITGO Petroleum CorporationRU_175425_906246Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_146353_175425moodys/PR_146353_175425htmlRating Action12/15/2007 12:21:28 AMGlobal Credit Research Rating Action ## DEC #### Rating Action: CITGO Petroleum Corporation Moody's affirms CITGO's ratings New York, December ##, #### -- Moody's Investors Service affirmed CITGO Petroleum Corporation's Ba# corporate...CITGO Petroleum Corporation175425150.0000NewshtmlCITGO Petroleum CorporationPR_146353_175425Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/620104spcred/620104normThe latest News from S&P12/14/2007 3:49:14 PMNews100global620104United StatesOil & Gas Refining & MarketingEmerging MarketsLatin AmericaUnited StatesGlobal IssuersFinancial InstitutionsCorporationsEnergyMetals & MiningGasNewsNEW YORK (Standard&Poor's) Dec. 14, 2007--Standard&Poor's Ratings Services said today that it affirmed its ratings, including the 'BB' corporate credit rating, and its senior secured and recovery ratings, on CITGO Petroleum Corp., after the company proposed $1 billion in unrated, additional secured debt, to be ranked pari passu with its existing credit facility. The outlook on the company is stable. Houston, Texas,-based CITGO had $1.3 billion of funded debt as of Sept. 30, 2007. CITGO will use proceeds from the $1 billion first-lien financing to fund a $1 billion intercompany loan to its parent, Petroleos de Venezuela S.A. (PDVSA; foreign currency BB-/Stable/--). "Although the increase in debt is clearly unfavorable for credit, CITGO's resulting leverage isUSA17302X17304*10102030 101020 1010 10CITGO Petroleum Corp.121290EMERGINGLATAMERICAUSA5369ZNEWSVEN71654R71655B71654S71655A10102020 101020 1010 10Petroleos de Venezuela S.A.119481EMERGINGLATAMERICAPDVSA@VCGLOBISSFICORPEnergyMetalsGasCredit & Investment ResearchS&P Credit Research