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Prospect News home > News index > List of issuers P > Headlines for Petrobras (Petroleo Brasileiro SA) > News item |
Moody’s rates Petrobras notes Ba2
Moody's Investors Service said it assigned a Ba2 rating to Petrobras Global Finance BV's proposed global notes, which will be unconditionally guaranteed by Petroleo Brasileiro SA (Petrobras).
The outlook is stable.
The Ba2 rating on the proposed notes is based on the rating of Petrobras (Ba2 stable). The proposed notes are senior unsecured and pari passu with Petrobras Global Finance and Petrobras' other senior foreign currency debt.
Proceeds will be used for general corporate purposes, including debt refinancing and capital investitures.
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