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.1 billion reais ($22.4 billion). The median forecast of analysts surveyed by Bloomberg called for a shortfall of 30 billion reais. S&P Downgrade Standard & Poor's cited an economic slowdown and deteriorating fiscal accounts when it cut Brazil's credit rating in March to one level above junk. "Since Petrobras
r dgodoy2®bloomberg.net; Paula Sambo in Sao Paulo at +55-11-2395-9237 or psambo®bloomberg.net To contact the editors responsible for this story: Brendan Walsh at +1-212-617-4831 or [email protected] Dennis Fitzgerald, Rita Nazareth This communication may contain confidential and/or privileged informa
ady a junk-rated country. The South American nation mired in recession and scandal -- is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors are relegating Brazil to junk as the biggest co
37 or psambolabloomhergaet; Julia Leite in New York at +55.11.2395-9074 or jleite3Pbloomberg.net To contact the editors responsible for this story: Brendan Walsh at +1.212-617-4831 or [email protected]• Melinda Grenier at +1.212.617-2419 or mgrenier1Pbloomberg.net Lester Pimentel, Bradley Keoun This com
a junk-rated country. The South American nation -- mired in recession and scandal -- is now riskier than nine countries with speculative grades by Standard & Poor's, including Turkey, Vietnam and Cyprus, according to trading in credit-default swaps. Bond investors arc relegating Brazil to junk as the biggest co
7 or psambstakilthergscil; Julia Leite in New York at +55-11-2395-9074 or fieite3abloomberg.rael To contact the editors responsible for this story: Brendan Walsh at +1-212-617-4831 or [email protected]: Melinda Grenier at +1-212-617-2419 or ingreniedebloomhergael, Lester Pimentel, Bradley Kcoun This com
n 20 people as part of an investigation into whether company executives demanded bribes from builders in exchange for contracts. Fitch Ratings and Standard & Poor's rate the company at their lowest investment EFTA_R1_01418464 EFTA02391957 grades, and internal deliberations on corruption-related writedowns ha
act the reporters on this sto Filipe Pacheco in Sao Paulo at Sabrina Valle in Rio de Janeiro at To contact the editors res nsible for this story: Brendan Walsh at or Lester Pimentel, Bradley Keoun This communication may contain confidential and/or privileged information. If you are not the intended recip
Entities connected to both Standard & Poor's and Brendan Walsh

Jeffrey Epstein
PERSON
Moody's
ORGANIZATIONMoody's Investors Service
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Martha Stewart
PERSON
Daniel Sabba
PERSONSao Paulo
LOCATION
Richard Kahn
PERSONJulia Leite
PERSONPaula Sambo
PERSON
Vietnam
LOCATION
Paul Morris
PERSONLester Pimentel
PERSONRating Outlook
ORGANIZATION
Cyprus
LOCATION
Stewart Oldfield
PERSONJose Dirceu
PERSONNicholas Spiro
PERSONMelinda Grenier
PERSONBradley Keoun
PERSON