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, […]