The risk rating agency Fitch downgraded from BB to BB-the Petrobras foreign currency rating, also modifying the company's note perspective from negative to stable.
Fitch also downgraded from BB-to B +, the foreign currency rating of the Brazilians, also modifying the perspective of the company's note from negative to stable.
The relegations occur four days after another downgrade of the Brazilian note by Fitch. Last Friday (23/02), the risk rating agency modified the Brazilian note from BB to BB-due to the country's fiscal worsening and the government's difficulty in implementing welfare reform. Source: Business Season
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