BB Energy’s Global Shake-Up and South Sudan Court Clash as Fitch Affirms Globo at ‘BB+’
On 26 November 2025, rating moves in Brazil and a turbulent week for commodities trader BB Energy underline how credit risk, politics and the energy transition are reshaping emerging markets. Fitch keeps Globo at ‘BB+’ – stable, cash‑rich and fighting fragmentation Fitch Ratings on 25 November 2025 affirmed Globo Comunicação e Participações S.A.’s long‑term foreign‑currency Issuer Default Rating and its U.S. dollar notes at ‘BB+’ with a Stable Outlook, alongside the company’s local‑currency rating at the same level and a Brazilian national‑scale rating of ‘AAA(bra)’. TradingView+1 The agency’s latest review, published and widely picked up in markets on 26 November,
