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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