(Energy Analytics Institute, 2.Oct.2024) — Moody‘s raised the outlook on Petrobras‘ ratings from stable to positive, Petrobras announced 2 Oct. 2024 in an official statement.
The rating agency also reaffirmed Petrobras’ credit rating at “Ba1”, reflecting the Brazilian 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, the company said in the statement.
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By Aaron Simonsky at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
