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Wednesday, February 25, 2015

Petrobras Tumbles After Moody's Downgrade To Junk



Investors.com http://ift.tt/1LDShg3 Petrobras (PBR) shares plunged a day after Moody's issued its fourth downgrade since October on the Brazilian oil giant, which is reeling from corruption allegations and liquidity problems. Late Tuesday, the ratings agency dropped Petrobras' unsecured debt rating two notches to Ba2 -- junk status -- and signaled that more downgrades may come in the future. "These rating actions reflect increasing concern about corruption investigations and liquidity


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