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S&P downgrades Oi credit ratings

Wednesday 13 May 2020 | 10:26 CET | News
Rating agency Standard & Poors has downgraded the credit ratings of Brazilian operator Oi, due to an expected recession in Brazil this year following the coronavirus pandemic. The agency reduced the issuer credit rating from B to B- on a global scale and from brA- to brBBB on a national scale. The outlook is negative for both ratings. 

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Categories:
Companies: Oi
Countries: Brazil
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