Petrobras Pulls $790 Million Bond Sale in Blow to Producer

“Petroleo Brasileiro SA, the world’s biggest junk-rated borrower, canceled a plan to sell 3 billion reais ($790 million) of local bonds after the state-controlled oil producer’scredit rating was cut to junk by Standard & Poor’s last month.”

Full Story: http://www.bloomberg.com/news/articles/2015-10-15/petrobras-said-to-cancel-local-bond-sale-amid-lackluster-demand

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