The corruption scandal surrounding Petroleo Brasileiro S.A.'s (Petrobras; Fitch Issuer Default Rating 'BBB'/Outlook Stable) contracting practices has so far affected the credit quality of some of its suppliers more than its own, according to Fitch Ratings. In response, Fitch has published a report highlighting the questions most frequently raised, as well as the agency's views on the potential credit implications for Petrobras' suppliers, construction companies and drilling dig providers.
The full report 'What Investors Want to Know: Petrobras' is available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: What Investors Want to Know: Lava Jato Implications (Scandal Impacts Petrobras' Suppliers, Construction Companies and Drilling Rigs)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=861361
Asset Manager Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=747701
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