Moody’s downgrades Petrobras on heavy debt load

摘要

Rio de Janeiro-Credit ratings agency Moody’s Investors Service downgraded Petrobras late Tuesday, a move that could complicate the Brazilian state-run oil company’s ability to carry out its investment plans and increase production. Moody’s cited Petrobras’ heavy debt load, which stood at $170 billion at the end of June, as an important factor in the downgrade.