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Petrobras (PBR) CEO Maria das Gracas Foster reportedly has warned the Brazilian government...

Petrobras (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.
Comments (1)
  • the Brazilians should be very much aware of the fact that PBR
    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
    11 Feb 2013, 11:24 PM Reply Like
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