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Revisión del 03:58 10 sep 2016

A financial advisor http://www.sisu.dk/globalisation-essay-ielts.pdf#thereafter globalisation essay ielts The merger of the two groups, if completed as presented, removes some of the negative rating pressures Fitch saw affecting PT's credit profile; namely the sovereign linkage and pressure of a legal domicile in Portugal (BB /Negative), and reliance partly on a stream of associate dividend receipts, the timing and size of which had become increasingly difficult to predict. As such the merger is viewed positively by Fitch. The re-domicile of the enlarged entity to Brazil (BBB/Stable) subject to an appropriate ongoing credit structure, removes the sovereign pressure where Portugal remains under fiscal and austerity driven stress and where Fitch has previously guided a maximum permissible linkage of two notches above the sovereign rating of 'BB '/Negative.

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