09.12.2015 22:35:00
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Petrobras Global Finance B.V. -- Moody's downgrades Petrobras' to Ba3 and places ratings on review for downgrade
New York, December 09, 2015 -- Moody's Investors Service ("Moody's") downgraded all ratings for Petroleo Brasileiro S.A. ("Petrobras") and ratings based on Petrobras' guarantee, including the company's senior unsecured debt rating, to Ba3 from Ba2. Simultaneously, Moody's placed the ratings on review for possible further downgrade. The company's baseline credit assessment (BCA) was lowered to b3 from b2. The rating and outlook for the unguaranteed ratings of Petrobras Argentina are unchanged, including the (P)B2 senior unsecured, positive.