Industry | 2009.09.29
Fitch: Proposed Regulation May Increase Credit Risk for Brazil's Petrobras
NEW YORK--(BUSINESS WIRE)--According to Fitch Ratings, proposed regulation by the Brazilian government for the oil and gas industry could increase the credit risk for Petroleo Brasileiro S.A. (Petrobras), Brazil\'s national oil company. In a special report issued on Sept. 25, Fitch stated that if the regulation is enacted it would likely increase key risks for Petrobras\' credit quality including increasing leverage and political intervention. Petrobras\' Rating Outlook is Stable and is not expecte
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