On Jan. 11, 2010, we revised our outlook on Venezuela to stable from negative. We are revising our outlook on PDVSA to stable from negative and affirming our 'B+' corporate credit rating on the company. We expect PDVSA's liquidity and relationship with the Venezuelan government to remain the same over the next two to three years, underpinning a stable outlook for the rating. MEXICO CITY (Standard&Poor's) Jan. 13, 2010--Standard&Poor's Ratings Services said today that it has revised its outlook on Venezuelan state-owned oil company Petróleos de Venezuela S.A. (PDVSA) to stable from negative. At the same time, we have affirmed our 'B+' corporate credit rating on PDVSA. The outlook revision follows the Jan. 11, 2010, outlook
