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EFTA Document EFTA01378481
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Case Filesd-10-EFTA01378481Dept. of JusticeEFTA Document EFTA01378481
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Case File
sd-10-EFTA01378481Dept. of JusticeEFTA Document EFTA01378481
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7 October 2015 Corporate Credit,Energy Petroleo Brasileiro S.A. We believe Petrobras has a very high chance of meeting its funding gap through 2017 without relying on direct government support We have revised our base-case cash flow forecasts and now assume lower capex (from USD27bn to USD25bn in 2015 and from USD22bn to USD19bn onwards), 2.0% CAGR of domestic E&P production (vs. 4.0%) and domestic fuel prices increasing by 6% p.a. with no restrictions (vs. 5% p.a. with a 10,4 premium c
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Dept. of Justice
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sd-10-EFTA01378481
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