HALISTER1: Petrobras Raised to B1 From B2 by Moody’s; Outlook to Positive

Petrobras Raised to B1 From B2 by Moody’s; Outlook to Positive

(Bloomberg) -- Outlook raised to positive from stable, Moody’s says in statement.
  • Liquidity and financial metrics have improved as a result of lower capex in 2016 than planned; local currency appreciation, which positively affected operating costs; and the company’s new fuel pricing policy
    • Factors have helped Petrobras maintain access to capital markets and refinance debt
  • Link to statement

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

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