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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Almost two years after Standard & Poor’s Ratings Services lowered its long-term foreign currency sovereign credit rating for Brazil to ‘BB’, S&P cuts its ratings once again, this time to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Fitch Ratings has downgraded Brazilian conglomerate Odebrecht’s Long-Term Foreign and Local Currency Issuer Default Ratings to 'CC' from, 'B- ' and its National Long-Term Rating to 'CC ', from 'BB-...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After withdrawing Brazil’s investment grade ranking in December, risk classification agency, Fitch, once again lowered the country’s credit rating, now from BB+ to BB. According to the risk agency the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The economic scenario in Brazil deteriorated on Wednesday as Moody’s downgraded the country’s sovereign risk to junk status and changed the country’s outlook to negative. Moody’s was the last of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Five and a half months after withdrawing Brazil’s investment grade rating, Standard & Poor's Ratings Services lowered its long-term foreign currency sovereign credit rating for the country from 'BB+' to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As expected by many economists and feared by Brazilian government officials, another ratings agency has downgraded the country’s sovereign ratings. Fitch Ratings lowered Brazil’s rating from BBB to BBB-, one...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Against widespread expectations from financial experts, rating agency Standard & Poor's has decided not to downgrade Brazil's credit rating yet. The country's current rating status of BBB- is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras announced on Wednesday, April 1st, that it has obtained a financing contract with China Development Bank (CDB) for US$3.5 billion to be disbursed during 2015 and 2016. According to...
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