Sincrudos de Oriente SINCOR C.A. Credit Rating

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Date	Document Type	Title	Source
27 Jun 2007	Rating Action	Moody's downgrades Venezuelan heavy oil projects	Moody's Investors Service
14 Feb 2007	Credit Opinion	Sincrudos de Oriente SINCOR C.A.	Moody's Investors Service
13 Feb 2007	Rating Action	Moody's Changes Outlook on Venezuelan Heavy Crude Oil Projects to Negative	Moody's Investors Service
21 Jun 2006	Rating Action	MOODY'S DOWNGRADES FOUR VENEZUELAN HEAVY OIL PROJECTS TO B1 (SR. SEC.); RATING OUTLOOK STABLE FOR HAMACA, SINCOR, CERRO NEGRO, AND PETROZUATA	Moody's Investors Service
26 Apr 2006	Rating Action	MOODY'S PLACES HAMACA, SINCOR, CERRO NEGRO, AND PETROZUATA (ALL Ba3 SR. SEC.) HEAVY OIL PROJECTS UNDER REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
08 Jul 2005	Rating Action	MOODY'S ANNOUNCES RATING IMPACT OF 'GRI' METHODOLOGY FOR CORPORATE ISSUERS IN THE AMERICAS	Moody's Investors Service
28 Apr 2005	Announcement	MOODY'S TO EXAMINE RATINGS ON VARIOUS GOVERNMENT-RELATED ISSUERS IN CONNECTION WITH THE INTRODUCTION OF JOINT-DEFAULT ANALYSIS	Moody's Investors Service
09 Feb 2005	Rating Action	MOODY'S CONFIRMS RATINGS OF PETROZUATA, CERRO NEGRO, SINCOR AND HAMACA, AT B1 (Sr. Sec.); STABLE OUTLOOK	Moody's Investors Service
20 Sep 2004	Rating Action	MOODY'S UPGRADES HAMACA HEAVY OIL PROJECT TO B1 (Sr. Sec.) FROM B3; THE RATINGS OF HAMACA, PETROZUATA, CERRO NEGRO, AND SINCOR HEAVY OIL PROJECTS (ALL B1 Sr. Sec.) ARE PLACED UNDER REVIEW FOR POSSIBLE UPGRADE	Moody's Investors Service
26 Sep 2003	Rating Action	MOODY'S CONFIRMS RATINGS OF PETROZUATA, CERRO NEGRO, SINCOR, AND HAMACA VENEZUELAN HEAVY OIL PROJECTS; REVISES OUTLOOK TO STABLE FROM NEGATIVE	Moody's Investors Service
14 Jan 2003	Rating Action	MOODY'S DOWNGRADES FOUR VENEZUELAN HEAVY OIL PROJECTS: PETROZUATA, CERRO NEGRO, SINCOR AND HAMACA; OUTLOOK NEGATIVE	Moody's Investors Service
18 Dec 2002	Rating Action	MOODY'S DOWNGRADES LONG TERM DEBT OF PDVSA AND VENEZUELA HEAVY OIL PROJECTS; REMAIN ON REVIEW FOR DOWNGRADE	Moody's Investors Service
09 Dec 2002	Rating Action	Moody’s Reviews for Downgrade PDVSA Ratings of Related Entities; Monitors Developments in Venezuela	Moody's Investors Service
04 Nov 2002	Rating Action	MOODY'S DOWNGRADES FOUR VENEZUELAN HEAVY OIL PROJECTS: PETROZUATA, CERRO NEGRO, SINCOR AND HAMACA TO Ba1 FROM Baa3; OUTLOOK NEGATIVE	Moody's Investors Service
20 Sep 2002	Rating Action	MOODY'S CONFIRMS RATINGS OF PDVSA AND PDVSA FINANCE LTD.; REVIEW HEAVY OIL PROJECT RATINGS FOR DOWNGRADE; CONFIRMS RATINGS OF PDV AMERICA AND CITGO	Moody's Investors Service
11 Apr 2002	Rating Action	MOODY'S DOWNGRADES AND LEAVES UNDER REVIEW RATINGS OF PETROLEOS DE VENEZUELA AND PDVSA FINANCE; PUTS NEGATIVE OUTLOOK ON AFFILIATED AND PROJECT DEBT	Moody's Investors Service
28 Feb 2002	Rating Action	MOODY'S REVIEWS FOR DOWNGRADE PETROLEOS DE VENEZUELA (PDVSA) A3 LOCAL AND Baa3 FOREIGN CURRENCY RATINGS AND Baa1 LONG-TERM RATING OF PDVSA FINANCE; CONFIRMS AND COMMENTS ON RATINGS OF OTHER LINKED ENTITIES (HAMACA Baa3 PROJECT RATING OUTLOOK CHANGED TO NE	Moody's Investors Service
01 Feb 2000	Rating Action	MOODY'S CONFIRMS RATINGS ON ALL PDVSA VENEZUELAN PROJECTS	Moody's Investors Service
09 Sep 1999	Rating Action	MOODY'S REVIEWS PDVSA FINANCE AND OTHER ENTITIES LINKED TO PETROLEOS DE VENEZUELA FOR POSSIBLE DOWNGRADE	Moody's Investors Service
14 Oct 1998	Special Comment	Sincor Extra-Heavy Oil Project Financing	Moody's Investors Service
04 Sep 1998	Rating Action	MOODY'S LOWERS DEBT RATINGS ON PDVSA FINANCE LTD., CERRO NEGRO FINANCE LTD AND PETROZUATA FINANCE INC.; CONFIRMS SINCOR AND FERTINITRO FINANCE INC RATINGS	Moody's Investors Service
21 Aug 1998	Rating Action	MOODY'S ASSIGNS Baa3 RATING TO SINCOR PROJECT SENIOR SECURED BANK LOANS	Moody's Investors Service

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