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 […]

Contributing editor’s comments

Multinationals named, so far, in the Petrobras corruption investigation It is not just the local Brazilian suppliers that are involved in the graft investigations at Petobras but the following multinationals have been named and will be investigated by their governments, the SEC and the US Justice Dept.: Dutch […]