Moody’s Cuts Petrobras’s Debt to Junk

Moody’s Cuts Petrobras’s Debt to Junk Ratings firm said it is keeping its review of Brazil-controlled energy company on review for downgrade By PAULO TREVISANI Updated Feb. 24, 2015 7:32 p.m. ET BRASÍLIA—Moody’s Investors Service said Tuesday it downgraded Petróleo Brasileiro SA ’s debt to junk status. The embattled energy […]

How low can you go? Doing the Petrobras Limbo!

How low can you go? Doing the Petrobras Limbo! http://aswathdamodaran.blogspot.com.br/2015/02/how-low-can-you-go-doing-petrobras-limbo.html Excel Attachment:  PBR2015 Donadaran Tuesday, February 10, 2015 A few months ago, I suggested that investors venture where it is darkest, the nether regions of the corporate world where country risk, commodity risk and company risk all collide […]

MULTINATIONALS FACE SCRUTINY ON PETROBRAS

http://www.ft.com/cms/s/0/c0ce6a6c-b918-11e4-a8d0-00144feab7de.html#ixzz3SWZLIvOJ February 22, 2015 2:37 pm Multinationals face scrutiny on Petrobras Joe Leahy in São Paulo ©Bloomberg It was over lunch some years ago that Paulo Roberto Costa, a former executive of Brazil’s state-owned oil company Petrobras, who today is the star witness in the country’s largest corruption case, claims […]