Petrobras informs that the rating agency S&P Global Ratings ("S&P") raised, today, the company's global scale outlook from stable to positive, and maintained its corporate debt rating at "BB-".

On Dec 11th, the agency revised the outlook on its long-term rating on Brazil to positive, reflecting prospects for an upgrade in the next two years if further progress on the government's broad fiscal and growth agenda allows for a more rapid reduction of Brazil's fiscal deficits and a stabilization of debt dynamics.

As a result, on December 12th S&P revised the global scale outlook to positive from stable on all corporate and infrastructure entities with ratings that are directly orindirectly limited by the sovereign, including government-owned entities, such as Petrobras.