Rating agency says the Brazilian engineering firm will continue to feel the credit crunch, even if it settles corruption charges
Tag: Odebrecht
Posted inDaily Brief
Brookfield buys Odebrecht water company
Canadian investor agrees to pay $768m for 70% of Odebrecht Ambiental and put in another $125m in working capital
Posted inDaily Brief
Moody’s downgrades Odebrecht
Rating agency cuts the Brazilian conglomerate’s ratings by one notch, citing “evolving reputational risks”
Posted inDaily Brief
Mexican investors eye Colombian waterway PPP
Ideal and FCC look to invest fresh equity and take a 51% stake in the project sponsor
Posted inDaily Brief
BNDES blocks Lava Jato loan payments
Brazil’s national development bank halts export financing for five companies with projects in nine countries
Posted inDaily Brief
Navelena strives for November close
Colombian SPV looks to get around $550m in 12-year financing from both banks and bonds
Posted inDaily Brief
Braskem opens talks with US officials
Brazilian petrochemical producer says the talks could result in a fine and other possible sanctions
Posted inWeb Articles
Former Brazil finance minister arrested in Petrobras bribery probe
Antonio Palocci is the second former finance minister detained in less than a week
Posted inDaily Brief
Odebrecht, Cemig eye $3bn Santo Antonio sale
Chinese buyers heard to be in talks for the Brazilian hydropower generator
Posted inDaily Brief
S&P downgrades Odebrecht Offshore Drilling
Termination of a charter and service contract for a drilling rigs lead to ratings cut