London, 09 December 2014 -- Moody's Investors Service, ("Moody's") has today downgraded Petrofac Limited's ("Petrofac") issuer rating to Baa2 from Baa1. Concurrently, the ratings on the senior unsecured notes issued by Petrofac were downgraded to Baa2 from Baa1. The outlook was changed to negative from stable.

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