Petrobras: Petrobras on the improvement of the global scale outlook by S&P

Petrobras on the improvement of the global scale outlook by S&P

Petrobras informs that the rating agency S&P Global Ratings ("S&P") raised the company's global scale outlook from stable to positive, and maintained its corporate debt rating at "BB-".


Yesterday, the agency revised the outlook on its long-term rating on Brazil to positive, reflecting prospects for an upgrade in the next two years if further progress on the government's broad fiscal and growth agenda allows for a more rapid reduction of Brazil's fiscal deficits and a stabilization of debt dynamics.


As a result, today S&P revised the global scale outlook to positive from stable on all corporate and infrastructure entities with ratings that are directly or indirectly limited by the sovereign, including government-owned entities, such as Petrobras.