August 23, 2019
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Moody raised its stand-alone credit profile (SCP) by one notch to “ba2″ from ” ba3″ and affirmed the “Ba2“ corporate rating, with a stable outlook.
Moody’s highlighted that the SPC upgrade reflects Petrobras’ continued success in improving its credit metrics and liquidity position, its ability to refinance debt and push forward maturities, as well as discipline to competing profitability in the refining segment. The agency believes the company’s credit profile will continue to gradually improve.
With this revision, the SPC granted to Petrobras matches the company’s corporate rating, which follows the Government of Brazil’s rating.