Petróleo Brasileiro S A Petrobras : Petrobras on the improvement of the global scale outlook by S&P

Petrobras on the improvement of the global scale outlook by S&P

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Rio de Janeiro, December, 12, 2019 - Petróleo Brasileiro S.A. - 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-".

Yesterday, 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, today S&P revised the global scale outlook to positive from stable on all corporate and infrastructure entities with ratings that are directly or indirectly limited by the sovereign, including government-owned entities, such as Petrobras.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail] Av. República do Chile, 65 - 1803 - 20031-912 - Rio de Janeiro, RJ. Tel.: [phone]/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.