Fitch reaffirms Petrobras’ credit rating

06 Apr Fitch reaffirms Petrobras’ credit rating

London, April 05, 2025, (Oilandgaspress) –––Petrobras informs that the rating agency Fitch has reaffirmed the company’s credit rating on the global scale at ‘BB’, with a stable outlook. Fitch also reaffirmed the ‘AAA’ rating on the national scale.

Fitch assesses that Petrobras’ standalone credit metrics (intrinsic risk) are compatible with investment grade , assigning the rating ‘bbb’. This rating reflects the company’s large operational scale and proven reserves, comparable to international oil companies rated as investment grade .

In addition, the agency expects the company to continue recording positive free cash flow throughout the rating horizon, while making sufficient investments to replenish its reserves.

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