Tag: Petrobras shares

• Monday, December 14th 2015 - 07:49 UTC

  Moody's downgrades Petrobras credit rating; warns of difficulties to raise cash through asset sales

  

  Moody's Investors Service has lowered Brazilian state-controlled oil company Petrobras' credit rating further into junk territory and warned of a possible further downgrade. “These rating actions reflect Petrobras' elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales,” the New York-based ratings agency said Wednesday.