VOICED : S&P rebaja deuda de Petrobras a categoria especulativa

Petrobras, the Brazilian state oil company, lost its investment grade status from Standard & Poor's due to a corruption scandal and significant debt. This downgrade followed a similar action on Brazil's sovereign debt. Moody's had previously downgraded Petrobras in February. The company's stock fell by 5% on the Sao Paulo stock exchange. Brazil is also grappling with a recession, high inflation, rising unemployment, and declining political support for President Dilma Rousseff.

What was the primary reason for Petrobras losing its investment grade according to Standard & Poor's?

• Strong economic growth

• Corruption scandal and large debt

• Increased production

• High oil prices

How many other Brazilian companies had their credit ratings revised by Standard & Poor's?

• 10

• 20

• 30

• 40

Which agency was the first to remove Petrobras' investment grade due to corruption issues?

• DBRS

• Fitch

• Moody's

• Standard & Poor's

By what percentage did Petrobras' preferred shares fall on the Sao Paulo Stock Exchange?

• 10%

• 7%

• 5%

• 3%

What are some of the economic challenges Brazil is facing as mentioned in the transcript?

• Economic boom and political stability

• Surplus budget and low inflation

• Recession, high inflation, and rising unemployment

• Deflation and low unemployment