Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Keeping the flame alive, Grace Fan, Elizabeth Johnson, 7 Dec 2017
* Brazil: Down to the wire, Grace Fan, Elizabeth Johnson, 30 Nov 2017
* Brazil: The rise of the Right, Grace Fan, Elizabeth Johnson, 22 Nov 2017

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Petrobras and the government on the edge

Overview

The re-election of President Dilma Rousseff has set the stage for what looks likely to be another challenging four years for Brazilian state-run firms. Political risk tends to rise for Petrobras (PETR3:BZ, PBR:US) in election years and fall in non-election years, in tandem with the state imperative to use the firm to control inflation and to increase investments ahead of voting. But this time around, the company and the government now face the ticking time bomb of the widening...

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