The document provides forecasts on leverage and funding gaps for Petroleo Brasileiro S.A. (Petrobras) based on different Brent price scenarios. It includes tables showing net debt to EBITDA forecasts for 2017 and 2020, as well as funding gap forecasts for 2016-2020. Key assumptions include domestic and international production growth, demand for oil products, pricing, costs, capex, working capital, asset sales, and debt structure. The document discusses Petrobras' motivation to reduce capex and the impact of Brent prices on leverage.
doj/DataSet10/EFTA01378484.pdf
{"title":"Leverage and Funding Gap Forecasts by DB Credit Research","key_people":["Petrobras' management"],"document_date":"2015-10-07","document_type":"tabular","key_organizations":["Petroleo Brasileiro S.A.","Deutsche Bank Credit Research","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0075664","SDNY_GM_00221848","EFTA01378484"]}