(Petrobras, 12.Dec.2019) — Petrobras said 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.
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