Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.952

-7.6%

Nov 10 3:59 PM EST

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To: Tony van Werkhooven who wrote (12218)	1/22/1999 9:48:00 AM
From: Bob Howarth	Read Replies (4) of 22640

UBB sounds positive to me as there would have been a mention of dollar borrowing exposure if there was any of significance. This means they are protected from owing lots of dollars even though they earn REALS. Seems like Brazilian banks have nothing in common with those in Asia that had such large dollar exposures.

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