Moody’s raises Petrobras’ outlook to positive

Petróleo Brasileiro S.A. – Petrobras informs that Moody’s rating agency has raised the outlook on Petrobras’ ratings from stable to positive and reaffirmed the credit rating at “Ba1”, reflecting the company’s solid credit metrics, positive track record of operational and financial improvement and the agency’s expectation of the Company’s operational and financial discipline.  

Petrobras’ improved outlook reflects the upgrade of Brazil’s sovereign rating from “Ba2” to “Ba1”, sustaining its positive outlook.