Monthly Archives: January 2018

Petrobras News Notes Ratings

Yesterday both Moody’s and S&P released their rating of¬†Petrobras Global Finance B.V.’s proposed new global notes, which will be unconditionally guaranteed by Petrobras.¬† Moody’s gave it a Ba3 rating accompanying the rationale behind it that the Ba3 global scale rating reflect the high debt levels and business plan execution risk and, to a lesser extent, […]

Petrobras is Preparing Pre-Salt Mega Tender

Last Friday, it was announced that Petrobras subsidiary Petrobras Global Finance registered a 6K-form with the US Securities and Exchange Commission (SEC) as the initial step to a tender of pre-salt fields in which the company will raise revenue to an early payment of securities due in 2019. According to O Globo, the Brazilian government […]

Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.