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Prospect News home > News index > List of issuers P > Headlines for Petrobras (Petroleo Brasileiro SA) > News item |
S&P downgrades Petrobras
Standard & Poor's said it lowered the corporate credit rating on Petróleo Brasileiro SA to BBB-.
The outlook is stable.
"The downgrade was triggered by the tighter credit measures we are forecasting for the next five years as Petrobras implements its sizable investment plan," S&P analyst Marcelo Costa said in a statement.
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