Moody's: Petrobras up to positive

Moody's Investors Service said it changed the outlook to positive from stable for the Ba1 foreign currency bond ratings of Petroleo Brasileiro SA and its wholly owned subsidiary, Petrobras International Finance Co.

Moody's said the positive outlook that was placed on Brazil's B1 long-term foreign currency ceiling for bonds and notes prompted the outlook changes.

The Baa1 global local currency rating and Aaa.br national scale rating of Petrobras were not affected by these rating actions.

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