Thursday, November 19, 2015

Perfect Storm at Petrobras, the Most Indebted Oil Firm

Brazil’s state-run oil firm spent years loading up on cheap foreign credit. The strategy backfired as the local currency and the oil price plunged, leaving investors fretting about what’s next: repayment, restructuring or default.

from WSJ.com: US Business http://ift.tt/1Hb5EZ3
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