Brasília – Credit rating agency Moody’s upgraded the Brazilian state-owned oil company Petrobras’ rating from B2 to B1 with a positive outlook, an indication that further upgrading could be in store. Despite the move announced this Monday (10), Petrobras is still four grades below so-called investment grade – which means a country or company is not liable to default on its debt. <\/p>\n
Moody’s stripped Petrobras off its investment grade after probe Operação Lava Jato <\/em>uncovered corruption schemes were underway in the company. A year later, Petrobras had sunk to the lowest grade possible. By October, however, Moody’s had notched up its score again to B2. <\/p>\n In February, Standard & Poor’s, another rating agency, changed Petrobras’ grade from B+ to BB-, which is three grades below investment grade. <\/p>\n *Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The credit rating agency raised the Brazilian state-run oil company\u2019s grade to B1 with a positive outlook. Petrobras now sits four grades below investment grade.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-56906","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The credit rating agency raised the Brazilian state-run oil company\u2019s grade to B1 with a positive outlook. Petrobras now sits four grades below investment grade.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/56906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=56906"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/56906\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=56906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=56906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=56906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}