Moody's surprises on Petrobras outlook after downgrade

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Moody's surprises on Petrobras outlook after downgrade

Oliver West
February 02, 2015 04:15 AM
Brazil, impeachment, Petrobras
Demonstrators take part in a protest march demanding the impeachment of Brazil's President Dilma Rousseff, recently re-elected, over an alleged scheme of corruption that siphoned money from the state-owned oil company Petrobras, in Sao Paulo, Brazil, Saturday, Nov. 15, 2014. Federal police on Friday sharply expanded what is becoming Brazil's biggest political kickback scandal, arresting top construction company executives and detaining another former director of the state-run energy company Petrobras. (AP Photo/Andre Penner) | Andre Penner/AP/Press Association Images

Moody’s raised concerns on Friday that Brazilian state-owned oil company Petrobras could lose its investment-grade status after the rating agency cut the Brazilian borrower from Baa2 to Baa3 and kept the rating on review for further downgrade.

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Oliver West
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