The document analyzes the financial situation of Petroleo Brasileiro S.A. (Petrobras), focusing on its maturity wall, subordination risk, and cash burn challenges amidst low Brent prices. It discusses pair trade strategies and the potential risks and opportunities for bondholders, considering the Brazilian government's support and macroeconomic conditions.
doj/DataSet10/EFTA01378479.pdf
{"title":"Corporate Credit Analysis of Petroleo Brasileiro S.A.","document_date":"2015-10-07","document_type":"financial","key_locations":["Brazil"],"key_organizations":["Petroleo Brasileiro S.A.","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0075659","SDNY_GM_00221843","EFTA01378479"]}