HALISTER1: Brazil Police Accuse 16 People in Calicute Corruption Probe

Brazil Police Accuse 16 People in Calicute Corruption Probe

(Bloomberg) -- Federal Police accused 16 people of crimes including corruption and money laundering, according to statement on its website.
  • Statement doesn’t name the accused
    • Says other inquiries will be opened
  • Link to statement: http://tinyurl.com/j62kqwu
  • NOTE: Estado reports former Rio governor Sergio Cabral is one of the accused Link
    • Sergio Cabral’s lawyer wasn’t immediately reached by Bloomberg e-mail and phone call
    • Police press officer wasn’t immediately reached by phone call
  • NOTE: Police arrested Cabral as part of the Calicute operation on Nov. 17 Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: CORRECT: Argentina’s YPF Dollar Bonds Rated Outperform at UBS

CORRECT: Argentina’s YPF Dollar Bonds Rated Outperform at UBS

(Bloomberg) -- (Corrects last bullet point to specify that decline is in 2016) UBS initiates coverage of YPF’s 21s, 24s and 25s with outperform rating, according to note written by analysts led by Sean Glickenhaus dated Dec. 1.
  • 2021s are favorites as oil reserve life exceeds maturity and yields only 100bps lower than 24s and 25s
  • YPF bond yields are compelling in LatAm context and compared to Bonar
  • UBS sees leverage ratios in FY16 and FY17 to remain similar to 3Q16 at 2.6x gross lev. and 2.1x net. lev.
  • YPF to benefit from lower local oil prices as it buys 15-20% for its downstream business
  • YPF consolidated Ebitda to decline about 15% in 2016 and remain stable in 2017
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
YPFD AR (YPF SA)

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UUID: 7947283

HALISTER1: Argentina’s YPF Dollar Bonds Rated Outperform at UBS

Argentina’s YPF Dollar Bonds Rated Outperform at UBS

(Bloomberg) -- UBS initiates coverage of YPF’s 21s, 24s and 25s with outperform rating, according to note written by analysts led by Sean Glickenhaus dated Dec. 1.
  • 2021s are favorites as oil reserve life exceeds maturity and yields only 100bps lower than 24s and 25s
  • YPF bond yields are compelling in LatAm context and compared to Bonar
  • UBS sees leverage ratios in FY16 and FY17 to remain similar to 3Q16 at 2.6x gross lev. and 2.1x net. lev.
  • YPF to benefit from lower local oil prices as it buys 15-20% for its downstream business
  • YPF consolidated Ebitda to decline about 15% in 2017
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
YPFD AR (YPF SA)

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UUID: 7947283

HALISTER1: Republic of Cyprus - DBRS Rating Report

Republic of Cyprus - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
3343903Z CY (Republic of Cyprus)

People
Adriana Alvarado (DBRS Inc)
Nichola James (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Prov., Reg. Credit Research

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UUID: 7947283

HALISTER1: Peru to Investigate Financing for Anti-Mining Protests: Tamayo

Peru to Investigate Financing for Anti-Mining Protests: Tamayo

(Bloomberg) -- Govt to use tax, anti-money laundering agencies to identify sources of financing for protests against mine investment, Energy & Mines Ministry Gonzalo Tamayo says at event in Paracas, Peru.
  • Some protests are financed by overseas NGOs and have hurt mining investment in the country, Anatamina CEO Abraham Chahuan says at event
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Gonzalo Tamayo (Republic of Peru)
Abraham Chahuan Aberrabo (Compania Minera Antamina)

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UUID: 7947283