Petrobras Among the Best According to Standard & Poor's Management and Governance Score
Petrobras informs that Standard & Poor’s Ratings Services (S&P) published today a report (Management and Governance Credit Factors) where it assigns management and governance evaluations to more than 300 nonfinancial Latin American corporations. Standard & Poor’s uses the management and governance (M&G) score to modify its evaluation of an enterprise’s business risk profile, a key component of its credit rating.
Of the 310 evaluated seven were designated as “strong”, 106 as “satisfactory”, 195 as “fair”, and two as “weak”. Petrobras is among the companies that were classified as “strong”, the best rate of the ranking.
Worldwide, Standard & Poor’s assigned M&G scores to 3,868 companies of which only 8% are designated as “strong”.
S&P affirms that the scores are highly correlated with the overall credit ratings and investment-grade companies tend to have “strong” or “satisfactory” M&G scores.
Source: Petróleo Brasileiro S.A.
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