The recapitalization plan of Petroleo Brasileiro, designed to fund epic growth, is on strong footing, according to a release by Moody’s Investors Service.
Securitization pros are keeping a close eye on the oil giant. The financing needs of suppliers, drill ship operators and other companies working with Petrobras is rising hand-in-hand with the oil company’s expansion. A number of structured deals in these areas were completed last year. (see "Petrobras at Helm..." ASR 11/1/10)