Petrobras informs that the rating agency Moody’s upgraded Petrobras’ ratings to B2 from B3. At the same time, Moody's changed the outlook to stable from negative.

According to Moody’s, this revision reflects the improvements in the company's liquidity profile, in the regulatory framework in Brazil and in the prospects of better operating performance in the medium term.

The agency also highlighted Petrobras ability to achieve its cash generation and asset sale goals and its commitment to its financial and operational strategies and targets, as shown in the 2017-21 Business and Management Plan.