London, 22 December 2015 -- Moody's Investors Service has today downgraded the corporate family rating (CFR) and probability of default rating (PDR) of Tullow Oil plc ("Tullow") to B2/B2-PD from B1/B1-PD. The ratings on its USD650 million 2020 and USD650 million 2022 senior notes were downgraded to Caa1(LGD 6) from B3(LGD 6). The outlook on all Tullow's ratings remains negative.
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