MercoPress. South Atlantic News Agency
Rousseff lashes out at Moody's for downgrading Petrobras debt to junk-bonds
Brazilian President Dilma Rousseff on Wednesday said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation. Read full article
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Disclaimer & comment rules“Rousseff, in remarks to reporters, said she sees no risk that Brazil's sovereign credit rating will fall victim to ”contagion“ in the wake of Petrobras' downgrade.”
Feb 26th, 2015 - 10:54 am - Link - Report abuse 0So now DumbAss Dilma can see the future?
The way things are going she and her corrupt government will be lucky if they are not chucked out on their ears.
Riots after trucking strike due to lay-offs, etc.?
There are no US or European significant investors (except Portuguese) at Petrobras. So no matter anything to us what the United States think or not think. In addition Petrobras will not take any new funding or capitalization until the BRICS rating agency is acting, that because any future funding will have 5% or 10% of the amounts directed to the Shanghai Stock Exchange, not for NYSE. Of course the other 90% will be directed to our BOVESPA.
Feb 26th, 2015 - 11:07 am - Link - Report abuse 0With respect to debentures issued in dollars on the New York Stock Exchange, 80% of investors are pension funds and Brazilian investment funds. The debentures issued in New York is 5% of the values in debentures launched on the Stock Exchange of São Paulo. It could not be different as 5% stake in Petrobras is traded on the NYSE. But, I repeat, those who invested were the Brazilians.
Therefore, a US rating agency does not have any credentials, feedback or legitimacy to any analysis of Petrobras.
The downgrade is worth less than a fart!
In fact, it yes, it for us to know a bit of the United States. As for us to be certain that this is not the way of speculation and manipulated values that we want to follow.
Soon the US rating agencies will lower our sovereign debt also. Who cares!
Hmmm, reads like the literate version of Brasso.
Feb 26th, 2015 - 11:57 am - Link - Report abuse 0http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif
Hilarious statement from Dilma “It's a lack of knowledge about what's happening at Petrobras”, how ironic after under her watch as Chairwoman all this corruption and bad management occurred, my God politicians talk through their arse.
Feb 26th, 2015 - 01:30 pm - Link - Report abuse 0“Soon the US rating agencies will lower our sovereign debt also. Who cares!”
Feb 26th, 2015 - 01:38 pm - Link - Report abuse 0Though no question mark, who cares.......try:
The people of Brazil
The non corrupt people of Brazil
The people who are not sock puppets like Brasshole.
Brasshole.......how's the fresh water holding up in your basement to supply the world?
Bras reminds me of Toby a year or so ago.
Feb 26th, 2015 - 02:51 pm - Link - Report abuse 0Everything he's know for his adult life is crashing and coming to its rightful end.
I love watching it fail.
Glorious.
Yes the collective know as Brasileiro is vainly trying to ignore the whole edifice slowly crumbling.
Feb 26th, 2015 - 03:45 pm - Link - Report abuse 0They drank the 'high growth and Brazil exceptionalism' cordial and now can't fathom that it was all ephemeral. There is no strike going on. Rating agencies don't mean anything.
And everyday Brazil sinks lower and lower.
The only people who thought Brazil was exceptional or that they could maintain high growth were the same people who said it about Venezuela.
Feb 26th, 2015 - 11:15 pm - Link - Report abuse 0Nutters.
“”It's a lack of knowledge about what's happening at Petrobras. I have no doubt this is a company with a great ability to recover from (an ongoing corruption scandal) without major consequences,“ Rousseff said during a ceremony in which homes were delivered to low-income people in the northeastern city of Feira de Santana“”.
Feb 27th, 2015 - 10:10 pm - Link - Report abuse 0Well, just take a look at the people she was speaking to -- low-income people in the northeastern city of Feira de Santana...I wonder if any of them had any clue of what she was talking about...and even if they did, they would applaud anything she said, because after all, weren't they all receiving the deed to their new homes ?? (probably shoddy, unsafe construction like all the other government's housing projects)..
Regarding the brASSHOLE's remarks, too stupid to comment on.
Anyone recognize the name Geroge Soros ?
Feb 28th, 2015 - 07:06 pm - Link - Report abuse 0He sold off ALL of the share he owned in Petrobras recently, yet he retains that held in Argentina. Yet he sold all 766,000 Petrobras shares. Why ?
“ Moody's also said it expects ” the company will be challenged to make meaningful reduction in its very high debt burden over the next several years.”
” Challenged .... over the next several years. ” Sums it up quite well.
Saw a short video the other day, which showed Dilma being interviewed in 2009, while she was Lula's cabinet Minister and also held the post of chairwoman of the Petrobras Board of Directors...she had obviously been questioned by what she considered an impertinent journalist, on her thoughts on the future of Petrobras...she was acting all indignant, claimimg that PB was doing fine and that in the coming years would be better than ever, especially if compared to when FHC was president (1995-2002).....she should now be obliged to watch this video until she admits she and the PT have screwed up bigtime....and then resign.
Mar 02nd, 2015 - 10:23 pm - Link - Report abuse 0Commenting for this story is now closed.
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