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15 October 2009

Petrobras Sub-Salt Financing May Negatively Affect Bond Ratings.

REUTERS/
Fitch Ratings says that Petrobras may face lower debt ratings by borrowing some $400 billion to finance development costs for the offshore subsalt fields.
Petrobras plans to almost double oil production by 2020 by developing deep-sea subsalt fields off Brasil's coast that may hold some 50 billion barrels of oil.
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Labels: Fitch Ratings, Petrobras, Petrobras bond ratings, sub-salt
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