Brazil's state-run oil company Petroleo Brasileiro SA said it delayed the release of its third-quarter financial results for a second time on Friday as a result of new developments in a widening corruption probe. Prosecutors on Thursday indicted executives of some of the country's largest engineering firms for allegedly skimming billions of dollars off overpriced contracts with the oil giant in a kickback and bribery scheme.
Petrobras had set Friday as a deadline for the release, but it said in a statement it has until January 15, 2015, to present the unaudited results without breaking covenants. If broken, the covenants could put some of the company's debt into technical default, forcing early repayment.
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