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Montevideo, March 21st 2023 - 01:50 UTC



Petrobras credit rating raised to BB-: improved governance “compares well with those of its peers”

Tuesday, February 14th 2017 - 12:17 UTC
Full article 3 comments

Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.” Read full article


Disclaimer & comment rules
  • :o))

    Brazil’s Black-Gold Fortune is nothing but FOOL'S GOLD: REF:

    Feb 14th, 2017 - 12:33 pm - Link - Report abuse 0
  • Marti Llazo


    AKA “junk.”

    Feb 14th, 2017 - 09:27 pm - Link - Report abuse 0
  • :o))

    REF: “The IEA expects Brazil, Canada, and the United States to increase production by 750,000 barrels a day this year”:
    - Besides being speculative; it is merely theoretical.
    - They may not reach the expected production due to the dwindling world-demand/recession.
    - Even if they reach the expected volume; the profits will be too small [OR the losses will be prohibitive].

    Feb 14th, 2017 - 10:20 pm - Link - Report abuse 0

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