Credit rating agency also affirmed country’s BB- rating 07/15/2022 Fitch says revision reflects better-than-expected evolution in public finances amid successive shocks in recent years — Foto: Matt Lloyd/Bloomberg Fitch has revised Brazil’s outlook to stable from negative and affirmed the country’s long-term foreign currency rating at BB-. According to Fitch, the revision of Brazil’s outlook […]
Indicator reflects cautious atmosphere in markets and follows depreciation of Brazilian currency, stocks 07/15/2022 Brazil risk rose to 332 points on Thursday, according to IHS Markit — Foto: Silvia Zamboni/Valor Brazil risk measured by five-year credit default swap (CDS) contracts reached the highest levels since May 2020 amid a risk-averse environment both abroad and in […]
Partners Novonor, Petrobras are in no hurry to negotiate due to worsening economic scenario 07/15/2022 The process of selling the petrochemical company Braskem, whose shareholders are the Novonor group (formerly Odebrecht) and Petrobras, is stuck again. Sources familiar with the matter told Valor the two partners have made little effort to move the negotiation forward, […]
Prices increased 28.5% on average, much more than volume shipped, which is up 2.1% 07/14/2022 Cargo handling in Paranaguá: exports of soybeans, meal and oil remained at top of export list — Foto: Divulgação/Claudio Neves/Portos do Paraná Brazil’s agricultural exports remained strong and yielded $15.7 billion in June, up 31.2% year-over-year, according to data from […]
Study evaluates chances of partnerships to prosper in 26 countries 07/14/2022 Study compares countries based on 106 indicators, grouped into five categories — Foto: Fernando Martinho/Valor Brazil tops an Inter-American Development Bank (IDB) survey on the environment for public-private partnerships (PPP) in Latin America. Conducted with the Economist Intelligence Unit (EIU), the study “Infrascope LAC” […]
Associations criticize bill that limits role of arbitrators, obliges disclosure of decisions 07/14/2022 Pedro Batista Martins — Foto: Leo Pinheiro/Valor A bill in progress in the Chamber of Deputies intends to change the Arbitration Law to limit the role of arbitrators (who act as judges in cases) and determine that procedures and rulings must be […]
Investment funds operating in this segment report that supply of credits has been growing 07/14/2022 The rising interest rates and fast inflation cycle in Brazil, which makes credit more expensive and negatively impacts companies’ revenues, has driven alternative investments, especially distressed debt – loans in arrears or at risk of default. Investment funds that operate […]
Just three months ahead of presidential elections, potential investors do not believe that sale process will be concluded this year 07/14/2022 Petrobras resumed sales of three refineries in June — Foto: Divulgação Petrobras/Diego Pisante The sales of three Petrobras refineries may not be competitive, sources say. The oil company starts receiving non-binding proposals as of […]
Ceasaminas, CEEE-G, CBTU, and ES Gás are seen as moving forward despite elections in October; Santos Port Authority, previously a priority, is unlikely to be sold in coming months 07/14/2022 Fábio Abrahão — Foto: Leo Pinheiro/Valor The Brazilian Development Bank foresees that it is still possible to sell at least four more state-owned companies this […]
Rapporteur removed article that made payment of amendments compulsory 07/13/2022 Rodrigo Pacheco — Foto: Geraldo Magela/Agência Senado The plenary of the National Congress concluded the analysis and passed Tuesday the Budget Guidelines Law (LDO) for 2023. The vote took place even after a reaction from the so-called “Centrão,” a cluster of center-to-right parties that supports […]