ramifur escribió:16:18 PM -- S&P affirmed Brazil's BBB- rating with a stable outlook. The rating agency is confident that President Rouseff will continue implementing fiscal measure to reduce the total deficit, improving growth prospects in the future.
S&P sees a 1% contraction in 2015 and a 2% growth in 2016.
18:10 PM PETBRA outlook to NEGATIVE from Stable: S&P. Furthermore, it assesses PETBRA's liquidity as "less than adequate" and "cash flows may deteriorate further from possible US actions".
Let me just state that tomorrow will be an interesting day in PETBRA bonds with some widening given the potential market disruption of a downgrade down the road. The gun is on the head of the board to raise liquidity "PRONTO"...
Longer term we are not concerned with getting your principal back as the best bang for the buck from the government's perspective is to put equity dilutting shareholders -- although it would not be very popular given the PTs "encouragement" for savers to buy PETBRA shares.
el real sigue apreciandose, petroleo subiendo , deberia ser un dia tranqui.