NEW YORK (Standard&Poor's) Feb. 11, 2008--Standard&Poor's Ratings Services said today that news regarding Exxon Mobil Corp.'s (Exxon Mobil; AAA/Stable/A-1+) moves to freeze $12 billion in Petroleos de Venezuela S.A.'s (PDVSA; BB-/Stable/--) overseas assets has no immediate impact on our rating and outlook on The Bolivarian Republic Venezuela (Venezuela; BB-/Stable/B) and its national oil company and related entities, including CITGO Petroleum Corp. (CITGO; BB/Stable/--), Petrozuata Finance Inc. (Petrozuata) and C.A. La Electricidad De Caracas (EDC; BB-/Stable/--). The reach of the court orders obtained by Exxon Mobil in the U.K., the Netherlands, and the Netherlands Antilles outside of the aforementioned jurisdictions is uncertain. Furthermore, frozen assets in the U.S. are limited to about $300 million, which is not
