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
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Brazil’s Black-Gold Fortune is nothing but FOOL'S GOLD: REF: http://brazzil.com/brazils-black-gold-fortune-was-nothing-but-fools-gold/Feb 14th, 2017 - 12:33 pm - Link - Report abuse 0
speculativeFeb 14th, 2017 - 09:27 pm - Link - Report abuse 0
REF: The IEA expects Brazil, Canada, and the United States to increase production by 750,000 barrels a day this year:Feb 14th, 2017 - 10:20 pm - Link - Report abuse 0
- 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].