Moody's: Marlim up to positive

Moody's Investor's Service said it changed the rating outlook to positive from stable for the B1 medium-term notes of Companhia Petrolifera Marlim.

Moody's said the outlook change was prompted by the positive outlook that was placed on Brazil's B1 long-term foreign currency ceiling for bonds and notes, which constrains the ratings of Marlim.

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