S&P Assigns BBB- Rating to Petrobras

Standard & Poor's (S&P) has assigned a BBB- long-term corporate credit rating to Brazil's federal energy company Petrobras (NYSE: PBR) with a stable outlook, S&P said in a statement.

"The ratings on Petrobras are above the ratings on the Federative Republic of Brazil, the company's controlling shareholder," S&P credit analyst Jean-Pierre Cote-Gil said.

The rating largely reflects Petrobras' E&P profile and dominant market position, according to S&P.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $55.23/BBL 0.46%
Light Crude Oil : $52.75/BBL 0.62%
Natural Gas : $3.24/MMBtu 1.25%
Updated in last 24 hours