Moodys reaffirms Petrobras’ credit standing

Alternatively, the Brazilian oil firm signed a memorandum of understanding with the Chinese language export credit score group Sinosure, to judge funding and cooperation alternatives in low carbon and inexperienced finance initiatives.

Petrobras experiences that the Moodys threat score company affirmed its credit standing at “Ba1”, one degree above the nation, with a steady outlook. The credit standing respectively additionally reaffirmed at “Ba1,” reflecting the corporate’s credit score standards and good observe document of operational and monetary growth.

The score additionally displays Moody’s expectation that Petrobras’ operational and monetary management will proceed to assist money era, which is able to assist keep the present capital construction.

Low carbon initiatives and inexperienced financing

Brazilian state oil firm Petrobras has signed a memorandum of understanding with Chinese language export credit score company Sinosure, to judge funding and cooperation alternatives in low carbon and inexperienced finance initiatives.

In line with the state firm, the settlement additionally contains the evaluation of alternatives to strengthen the provision chain of Petrobras and to extend and facilitate business and monetary exchanges between Petrobras and Chinese language corporations.