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Epstein File EFTA02391957: Offshore and Corruption (DS11)

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This document contains news or analytical content regarding Petrobras, a Brazilian oil company, discussing credit rating downgrades by Moody's, Fitch Ratings, and Standard & Poor's. The downgrades are attributed to concerns about corruption investigations and liquidity pressures, with analyst Nymia de Almeida quoted regarding Moody's assessment. The document references offshore development projects and emerging market bond issuance.

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The rating cut is the latest blow to Petrobras, which became the biggest bond issuer in emerging markets as it sought financing to develop the largest **offshore**
Excerpt 2
Fitch Ratings and Standard & Poor's rate the company at their lowest investment EFTA_R1_01418464 EFTA02391957 grades, and internal deliberations on **corruption**-related
Excerpt 3
The downgrade by Moody's "reflects increasing concern about **corruption** investigations and liquidity pressures," Nymia de Almeida, an analyst at the rating

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