Moody’s gives B1 to Petrobras

Moody's Investors Service said it assigned a B1 rating to Petrobras Global Finance BV's proposed up to $2 billion in new global notes, which will be unconditionally guaranteed by Petrobras (Petroleo Brasileiro SA) (B1 positive).

The outlook is positive.

The agency said the B1 rating on the proposed notes is based on the rating of Petrobras. The proposed notes are senior unsecured and pari passu with Petrobras Global and Petrobras’ other senior foreign currency debt.

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