Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.692

-1.9%

Dec 12 3:59 PM EST

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To: Steve Fancy who wrote (11303)	1/7/1999 3:50:00 PM
From: Steve Fancy	of 22640

Brazil Will Meet All Foreign, Domestic Debt Obligations Dow Jones Newswires BRASILIA -- Brazil will honor all foreign and domestic debt obligations, the Finance Ministry said Thursday in an official communique. The statement was released to calm investors' fears that Brazil's third wealthiest state, Minas Gerais. was going to default on $100 million worth of Eurobonds due Feb. 10. On Wednesday, Minas Gerais Governor Itamar Franco declared a 90-day moratorium on debt payments to the federal government. --------------------------------------------------------------------------------

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