Worse than expected: Moody’s cuts Petrobras two notches, maintains negative outlook

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Emerging Markets
EM LatAm

Worse than expected: Moody’s cuts Petrobras two notches, maintains negative outlook

Oliver West
February 25, 2015 05:15 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

As some analysts had predicted, Moody's cut Petrobras's investment-grade rating from Moody’s on Tuesday. But that was just the start of the bad news for the Brazilian state-owned oil company.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

News contentLatAm BondsEmerging MarketsLatAm
OW
Oliver West
US Bureau Chief - Latin America Editor
Contact
Gift this article