RIO DE JANEIRO, BRAZIL (By PETROBRAS, 4.Nov.2026, Words: 170) — PETROBRAS informs that rating agency Fitch upgraded the company’s Standalone Credit Profile (SCP) from ‘bbb’ to ‘bbb+’, reflecting an improvement in the company’s intrinsic credit quality.
PETROBRAS had not received an upgrade to its standalone profile from Fitch since 2020.
According to the agency, the upgrade to PETROBRAS’ SCP reflects the effectiveness of the company’s governance and management, supported by a clearer track record of board oversight and transparency. The report also highlights the company’s operational and financial performance, supported by robust reserves, production scale, strong cash flow generation and low leverage, which place PETROBRAS at a level comparable to that of investment-grade international oil companies.
“Fitch’s recognition is another indication of the market’s confidence in Petrobras’ corporate governance and in the company’s ability to continue creating value responsibly and with a long-term vision,” said PETROBRAS President Magda Chambriard.
Fitch also affirmed PETROBRAS’ global-scale credit rating at ‘BB’, with a Stable Outlook, and its national-scale rating at ‘AAA(bra)’, with a Stable Outlook.
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