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Petrobras scandal hits Brazil builders' credit ratings

Thursday, November 20, 2014 - 05:50

Sao Paulo

A GRAFT investigation at Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras) is hurting the credit outlook for major suppliers accused of participating in the alleged bribery scheme, Moody's Investors Service said on Tuesday.

Moody's downgraded its rating