Oi Downgraded

Oi Downgraded

Brazil Corporate & Sovereign Strategy

Moody's has changed Brazilian telecom Oi's rating to Baa3 from Baa2, it says, citing its leverage. It also downgraded its holding company, Telemar Participacoes, to Ba1 from Baa3. "During the last twelve months ended June 30, 2012, Oi's adjusted gros

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