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From: Vahe Stepanian To: "jefficy E." [email protected]> , Stewart Oldfield , Richard Kahn , Arianc Dw cr , Paul Morris CC: Daniel Sabba Subject: FW: (BN) Brazil Already Junk as Swaps Traders Front-Run Cut Amid Turmoil [C] Date: Tuc, 11 Aug 2015 16:06:22 +0000 Inline-Images: image00

nformation is available upon request. Brazil Already Junk as Swaps Traders Front-Run Cut Amid Turmoil 2015.08.07 19:01:41.781 GMT (To be sent this Brazil Credit column, click SALT BZCREDIT. For more debt-related news, see TOP CM.) By Paula Sambo and Julia Leite (Bloomberg) -- As far as swaps traders are con

From: Vahe Stepanian To: "jeffrey E." [email protected]> , Stewart Oldfield , Richard Kahn , Ariane er , Paul Morris CC: Daniel Sabba Subject: RE: FW: (BN) Brazil Already Junk as Swaps Traders Front-Run Cut Amid Turmoil [C] Date: Tuc, 11 Aug 2015 16:27:48 +0000 Attachments: 18229

vailable upon request. Brazil Already Junk as Swaps Traders Front-Run Cut Amid Turmoil 2015-08.07 19:01:41381 GMT EFTA00848948 (To be sent this Brazil Credit column, click SALT BZCREDIT. For more debt-related news, see TOP CM.) By Paula Sambo and Julia Leite (Bloomberg) As far as swaps traders arc concer

_ 95) Save As... 96) Actions • 97) Edit - 98) Table Line Chart niti r Compare M, ti.e • v `.t, Moat s sc Taw --Original Message--- From: Daniel Sabba (DEUTSCHE BANK SECURI) [mailto Sent: Tuesday, August 11, 2015 11:52 AM Subject: (BN) Brazil Already Junk as Swaps Traders Front-Run Cut Amid Tur (

------------------------------------. Brazil Already Junk as Swaps Traders Front-Run Cut Amid Turmoil 2015-08-07 19:01:41.781 GMT (To be sent this Brazil Credit column, click SALT BZCREDIT. For more debt-related news, see TOP CM.) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088911 CONFIDENTIA