Petrobras Bonds to See Little Impact From CVM Rule: Bradesco BBI
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PETR4 BZ (Petroleo Brasileiro SA)
People
Gustavo Gregori (Banco Bradesco SA)
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UUID: 7947283
(Bloomberg) -- Ruling ordering Petrobras to refile financial statements would increase its 2017 net debt/Ebitda ratio by 0.1x, Bradesco BBI analyst Gustavo Gregori says in research note.
- Impact expected if Petrobras is unable to reverse ruling from securities regulator known as CVM
- CVM’s decision doesn’t change Bradesco BBI’s positive view on co.’s bonds, as several short-term catalysts expected
- NOTE: CVM wants Petrobras to refile financial statements considering reversal of effects from hedge accounting; Petrobras can appeal decision
- NOTE: Petrobras May Pay Dividend of BRL8b W/CVM Decision: Bradesco BBI
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PETR4 BZ (Petroleo Brasileiro SA)
People
Gustavo Gregori (Banco Bradesco SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283