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Petrobras Ratings Affirmed by S&P

The dollar’s slide down today against the real gave Brazil’s stock market a nice bump. On top of that, S&P’s  affirmed its ‘BB’ global scale ratings on Petrobras, citing a “very high likelihood of extraordinary government support” for the company’s heavy debt load. Petrobras’ shares went up by nearly 5% this afternoon but S&P lowered the company’s […]

Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.