In a statement, Petrobras announced that the credit rating agency Standard and Poor's (S&P) raised the risk rating (rating) of the State's corporate debt from B + to BB-and changed the perspective from negative to stable. The note, according to the Agency, through the improvement in financial structure and greater predictability of the company.
In your report, the S&P reported that the improvement of the grade reflects the evolution of the company's liquidity and cash position which gives the State greater ability to deal with possible contingencies. According to Petrobras, was highlighted even Divestitures program progress and prospects for achieving the target set for 2017 and 2018.
The Standard Poor's & scored even though advances in corporate governance and the measures adopted to improve internal controls focus on the acceleration in profitability and more balanced capital structure of the company.
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