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Petrobras (PBR) CEO Maria das Gracas Foster reportedly has warned the Brazilian government...
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Monday, February 11, 8:59 AM ETPetrobras (PBR) CEO Maria das Gracas Foster reportedly has warned the Brazilian government about rising debt levels that could jeopardize the company’s investment-grade credit rating, telling the finance minister - who also chairs PBR's board - that debt could reach 3.5x EBITDA by Q4. PBR's debt reportedly already has risen to 2.77x EBITDA.
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This news story has 1 comment:
is a stock traded anywhere on the free world stock exchanges. It
should not be too difficult for the Brazilian government to understand
that the stockholders expect them to behave in a responsable way.
Currently they do not . . . . .. the stockholders are used to improve
the government' s inflation data . . .. . . if this does not stop very soon
PBR in the long haul must look elsewhere for shareholders