Moody's rates Petrobras notes Baa1

Moody's Investors Service said it assigned a rating of Baa1 to two series of proposed global notes due in 2019 and 2039 issued by Petrobras International Finance Co.

PifCo is a wholly owned subsidiary of Petróleo Brasileiro SA, which has unconditionally guaranteed the notes.

The outlook is positive.

Proceeds will be used for general corporate purposes, including the repayment of debt of Petrobras and its subsidiaries.

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