Standard & Poors cut its credit rating for scandal-ridden Brazilian oil giant Petrobras on Thursday by two notches to BB.
The downgrade to "speculative" status for the state-owned company followed S&P's shock downgrade of the Brazilian sovereign credit rating to junk on Wednesday. Petrobras is reeling from a massive corruption scandal that cost the company an estimated $2.1 billion.
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23 Palestinians arrested in West BankMaintained and developed by Arabs Today Group SAL.
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All rights reserved to Arab Today Media Group 2021 ©
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