Moody’s reviews Odebrecht Engenharia

Moody's Investors Service said it placed the Baa3 global scale issuer rating to Odebrecht Engenharia e Construcao SA (OEC) and the Baa3 rating of OEC guaranteed notes issued by Odebrecht Finance Ltd. under review for downgrade.

At the same time, Moody's America Latina placed the Aa1.br senior unsecured issuer rating on the Brazilian National scale under review for downgrade.

This action follows Moody's Dec. 9 decision to place Brazil's Baa3 government bond rating under review for downgrade. The review process will focus on the result of Brazil's government bond rating review and Odebrecht Engenharia’s links with the Brazilian economy.

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