S&P Global Ratings downgrades Local Currency LT credit rating of Odebrecht to "CCC+"; outlook negative

April 19, 2017 - CBonds


S&P Global Ratings downgraded from "B-" to "CCC+" the Local Currency LT credit rating of Odebrecht on April 18, 2017. The outlook is negative.
Issuer: Odebrecht
Issuer profile:
Odebrecht is a Brazilian organization with global quality standards. It renders Engineering and Construction services in most of the countries of South America, Central America, in the United States,... more
Outstanding issues:
11 issuesUSD8,870,000,000
1 issuesBRL500,000,000
Issuer rating:
Moody's Investors ServiceWithdrawn/LT- local currency05/28/2015
S&P Global RatingsCCC+/NegativeForeign Currency LT04/18/2017
S&P Global RatingsCCC+/NegativeLocal Currency LT04/18/2017