London, 14 July 2015 -- Moody's Investors Service, ("Moody's") has today downgraded Petrofac Limited's ("Petrofac") issuer rating to Baa3 from Baa2. Concurrently, the ratings on the senior unsecured notes issued by Petrofac were downgraded to Baa3 from Baa2. The outlook on the ratings is now stable.

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