S&P gives Petrobras Global notes BB-

S&P said it gave a BB- rating to Petrobras Global Finance BV's planned senior unsecured notes due 2033. The issuer is a wholly-owned finance subsidiary of Petroleo Brasileiro SA (Petrobras), which will guarantee the notes. The agency rates Petrobras BB-.

The proceeds will be for general corporate purposes, including potential prepayment of outstanding debt.

The outlook is positive.

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