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Investors More Optimistic About Brazil’s Petrobras in 2017

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After two years of pessimistic outlooks for one of Brazil’s largest companies, investors are starting to regain some confidence in the country’s oil giant, Petrobras. Earlier this week the company was able to raise US$4 billion on the international market, double what it had predicted.

"They couldn't have picked a better time," Ricardo Navarro, a portfolio manager at Noctua told Reuters. "We are probably near pre-Trump levels."

According to Petrobras officials, the funds raised will be used to repurchase bonds due until 2020. Officials say . . .

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