Category S&P

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, […]

Brazil’s Credit Rating Downgraded Again

As if Brazil’s economy wasn’t already deep in the weeds, S&P just cut the country’s junk credit rating further a notch, from BB+ to BB. S&P said in a statement:”The political and economic challenges Brazil faces remain considerable, and we now expect a more prolonged adjustment process — a slower correction in fiscal policy as well […]

Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.