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.

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