2015 continued the trend of FCPA enforcement actions brought by the SEC with no parallel DOJ enforcement action. As you might expect, these SEC enforcement actions turned on violations of the FCPA accounting provision, either the books and records or the internal controls provisions.… Continue Reading
Moody’s Investors Service downgraded Petrobras’ debt rating, the second time in a year the debt-plagued company has seen its rating fall.
Moody’s doubled down on its junk rating for the state-owned oil giant and lowered Petrobras’ rating from Ba2 to Ba3, with a negative outlook. … Continue Reading