Moody's ups Marlim foreign currency rating to Baa3

Moody's Investors Service said it upgraded the foreign currency rating of Companhia Petrolifera Marlim's senior secured medium-term notes to Baa3 from B1.

The outlook is stable.

The rating upgrade was prompted by Moody's upgrade of Brazil's long-term foreign currency ceiling for bonds and notes to Ba3 from B1.

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