Titoli di Stato paesi-emergenti Obbligazioni Brasile e Petrobras (1 Viewer)

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Brasile: avvocati denunceranno Bolsonaro al Tribunale dell'Aja per crimini contro l'umanità

Brasilia, 28 ago 21:44 - (Agenzia Nova) - Un gruppo di avvocati specializzati in diritto internazionale, diritti umani e diritto ambientale presenterà una denuncia contro il presidente del Brasile, Jair Bolsonaro, per crimini contro l'umanità in ambito di violazioni contro l'ambiente presso il Tribunale penale internazionale (Icc) dell'Aja, nei Paesi Bassi. Bolsonaro sarà accusato di aver agito in ritardo nel contrasto agli incendi che da settimane stanno distruggendo la foresta amazzonica. "Abbiamo studiato il caso e il danno di quest'anno all'Amazzonia potrebbe essere visto come una conseguenza delle dichiarazioni irresponsabili di Bolsonaro, nonché dello smantellamento delle agenzie ambientali e delle politiche statali per proteggere i diritti sociali e ambientali. Gli attacchi di Bolsonaro a organizzazioni di ricerca, ambientalisti, organizzazioni non governative e agenzie di controllo ambientale hanno creato un canale sicuro per azioni criminali contro l'ambiente", ha dichiarato l'avvocato Eloisa Machado a "Deutsche Welle". (segue) (Brb)
© Agenzia Nova - Riproduzione riservata

 

[Fabrib]

Il PIL brasiliano cresce dello 0,4% nel 2Q (stima 0,2%). Bloomberg

 

[waltermasoni]

Announcement of Periodic Review:
Moody's announces completion of a periodic review of ratings of Vale S.A.

29 Aug 2019
New York, August 29, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Vale S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.



This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.



Key rating considerations are summarized below.



Vale S.A.'s Ba1 ratings reflect the enhanced credit risk after the tailings dam collapse at Brumadinho and uncertainties associated with the full impact and long-term implications of the incident. While the accident raised concerns from a social, environmental and corporate governance perspective, Vale has been addressing important topics related to its ability to restore production. And the company's robust financial position provides a good cushion against the potential financial impacts. Vale's credit quality continues to be supported by the company's diversified product base and low-cost position, and substantive portfolio of long-lived assets of iron ore, nickel, copper and coal. The enhanced production profile with S11D expansion project and significant reduction in debt levels are also important factors for the Ba1 ratings, which better position Vale to withstand volatility in the prices for its major products and now provides some cushion to the costs associated with the accident.

Vale Canada's Ba2 ratings continue to reflect its weaker operating performance compared to Vale's and the fact that Vale S.A. does not guarantee the 2032 notes, while it continues to reflect Vale's ability to support Vale Canada. The rating continues to reflect this subsidiary's major position in the global nickel market, its asset base and strategic importance to its parent.



This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.



The principal methodology used for this review was Mining published in September 2018. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

 

[Fabrib]

Odebrecht's construction unit OEC has signed an agreement with bondholders to restructure its debt at a 55% discount, cutting it from $3.2 billion to $1.4 billion, the conglomerate said in a statement on Friday. Reuters

 

[Fabrib]

SÃO PAULO -- Brazil's trade surplus widened in August as imports fell more than exports, the country's economy ministry said Monday.
Brazil posted a surplus of $3.28 billion last month, up from $2.29 billion in July. Exports of goods and services declined to $18.85 billion in August, compared with $20.05 billion the previous month, and imports fell even more, to $15.57 billion from $17.76 billion in July.
The 12-month result was $53.13 billion, from $52.51 billion as of July. Economists surveyed weekly by Brazil's central bank have forecast an annual surplus of $52.4 billion for 2019.

 

[waltermasoni]

Rating Action:
Moody's changes Vale's outlook to stable; affirms Ba1 ratings

02 Sep 2019
Sao Paulo, September 02, 2019 -- Moody's America Latina Ltda. ("Moody's") affirmed Vale S.A. ("Vale")'s Ba1 (global scale) and Aaa.br (national scale) corporate family rating and the Ba1/Aaa.br ratings on its senior unsecured local notes (Debentures de Infraestrutura). The outlook changed to stable from negative.



Ratings actions:



Issuer: Vale S.A.

LT Corporate Family Rating: affirmed at Ba1 (global scale)/ Aaa.br (national scale)

Senior unsecured notes (Debentures de Infraestrutura): affirmed at Ba1/Aaa.br



Outlook actions:

Issuer: Vale S.A.

Outlook, Changed to Stable from Negative

 

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Speciale energia: Petrobras vince premio per sviluppo tecnologia di estrazione di petrolio pre-sal

 

[Fabrib]

Brazil's Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais ($243 billion) over the next decade. Reuters

 

[waltermasoni]

Petrobras Global Finance B.V.'s Proposed Senior Unsecured Notes Due 2030 Rated 'BB-'

• 09-Sep-2019 10:47 EDT

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SAO PAULO (S&P Global) Sept. 9, 2019--S&P Global Ratings assigned today its 'BB-' issue-level rating on Petrobras Global Finance B.V.'s (PGF's) proposed senior unsecured notes due 2030. PGF is a wholly-owned finance subsidiary of Brazilian oil and gas company, Petroleo Brasileiro S.A. - Petrobras (Petrobras; BB-/Stable/--). Petrobras will unconditionally and irrevocably guarantee the notes.

The new notes will be issued in connection with an exchange offer and with cash tender offers for several of PGF's bonds that mature between 2023 and 2029. PGF will spend a maximum of $3 billion to be paid in cash for participants of the exchange offer, plus an additional $500 million on the concurrent tender offer for retail investors. These transactions are in line with our expectations and Petrobras' continued focus on reducing debt, and would also extend the company's already comfortable debt maturity profile, reducing future refinancing risks.



We rate PGF's senior unsecured debt at the same level as our issuer credit rating on Petrobras, based on the guarantee of this debt and because the latter has limited secured debt collateralized by real assets. Even if the senior unsecured debt ranked behind the subsidiaries' debt in the capital structure, we believe the risk of subordination is mitigated by a priority debt ratio that's far less than 50% and the significant earnings generated at the parent level. Our rating on Petrobras will continue to depend on our sovereign rating on Brazil (BB-/Stable/B) because the latter caps the company's credit profile.

 

[m.m.f]

Petrobras Global Finance B.V.'s Proposed Senior Unsecured Notes Due 2030 Rated 'BB-'

• 09-Sep-2019 10:47 EDT

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SAO PAULO (S&P Global) Sept. 9, 2019--S&P Global Ratings assigned today its 'BB-' issue-level rating on Petrobras Global Finance B.V.'s (PGF's) proposed senior unsecured notes due 2030. PGF is a wholly-owned finance subsidiary of Brazilian oil and gas company, Petroleo Brasileiro S.A. - Petrobras (Petrobras; BB-/Stable/--). Petrobras will unconditionally and irrevocably guarantee the notes.

The new notes will be issued in connection with an exchange offer and with cash tender offers for several of PGF's bonds that mature between 2023 and 2029. PGF will spend a maximum of $3 billion to be paid in cash for participants of the exchange offer, plus an additional $500 million on the concurrent tender offer for retail investors. These transactions are in line with our expectations and Petrobras' continued focus on reducing debt, and would also extend the company's already comfortable debt maturity profile, reducing future refinancing risks.



We rate PGF's senior unsecured debt at the same level as our issuer credit rating on Petrobras, based on the guarantee of this debt and because the latter has limited secured debt collateralized by real assets. Even if the senior unsecured debt ranked behind the subsidiaries' debt in the capital structure, we believe the risk of subordination is mitigated by a priority debt ratio that's far less than 50% and the significant earnings generated at the parent level. Our rating on Petrobras will continue to depend on our sovereign rating on Brazil (BB-/Stable/B) because the latter caps the company's credit profile.

Il Brasile BB - ridicolo.

L' Argentina a luglio era B