Standard & Poor’s affirmed its rating on Petrobras

Standard & Poor’s affirmed its rating on Petrobras

Petrobras informs that Standard & Poor’s (S&P) rating agency affirmed today its ‘BBB-‘ corporate credit rating on Petrobras, with stable outlook, keeping the Company’s investment grade rating.
The rating affirmed is based on a combination of the company’s business risk profile and financial risk profile, as well as liquidity.
The business risk profile incorporates the company’s strong E&P activities in terms of scale, quality, replacement and access to reserves, in addition to its dominant market position in all aspects of the Brazilian hydrocarbon industry as refining, transportation, and distribution.
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