Certainly, this trend is a minus for the many leveraged loan issuers that either operate in, or export to, Europe.

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And if Petrobras ever does utilize the loan facilities provided by the Export Import Bank, it is good for US companies who will get orders for goods and services, and good for Petrobras who will use those goods and services to pump out more oil for Brazil, and the world.

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This is what they have to deal with if they want even the most basic answers to the most basic questions like how to export to a new country or whether they qualify for a loan.

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