HALISTER1: Odebrecht Engenharia Downgraded to B3 From B2 by Moody’s

Odebrecht Engenharia Downgraded to B3 From B2 by Moody’s

(Bloomberg) -- Downgrade reflects Moody’s perception of increased credit risk for Odebrecht Engenharia amid business uncertainties and the unfavorable environment for infrastructure investments in Latin America.
  • Co.’s competitive edge has been severely challenged by the ongoing corruption allegations, Moody’s says in statement
  • Rating is under review for further downgrade
  • Link to statement
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1283696D BZ (Odebrecht Engenharia e Construcao SA)

To de-activate this alert, click here

UUID: 7947283