Standard & Poor’s lowers Petroleo Brasileiro Petrobras SA's credit rating

Wednesday, 26 Mar 2014 07:49am EDT 

Petroleo Brasileiro Petrobras SA:Says Standard & Poor’s (S&P) has lowered the company's long-term credit rating in foreign currency to BBB-, from BBB.Outlook is stable.According to S&P, this is due to recent downgrade of rating of Brazil's sovereign long-term credit in foreign currency.