Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 145

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 145
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As of December 31, 2024, our finance debt amounted to US$23,162 million, as compared to US$28,801 million as of December 31, 2023. This decrease was primarily due to repayment of finance debt, including early payment of US$2,762 million. See Note 30 to our audited consolidated financial statements for a breakdown of our finance debt, a roll-forward schedule of our finance debt by source and other information.
 For more information about our securities, including our bonds, see Exhibit 2.4 to this annual report.
 

Annual Report and Form 20-F 2024 |

Rating
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In 2024, Moody’s upgraded Petrobras’ rating outlook from stable to positive while reaffirming its credit rating at “Ba1.” The agency also maintained our stand-alone rating at “Ba1.” S&P reaffirmed our credit rating at “BB” with a stable outlook and kept our stand-alone rating at “BB+,” one notch below investment grade. Fitch maintained our credit rating at “BB” with a stable outlook and upheld our stand-alone rating at “BBB,” the second level in the investment-grade scale.
 As of April 2, 2025, there were no changes to our stand-alone credit profile rating or global rating.
 
GLOBAL RATING
 
               2025(1)   2024(2)   2023(2)
------------------------------------------
Standard       BB        BB        BB     
&amp; Poor’s                              
Moody’s        Ba1       Ba1       Ba1    
Fitch          BB        BB        BB     
(1) As of April 2, 2025.
 (2) As of December 31.
 
STAND ALONE RATING
 
               2025(1)   2024(2)   2023(2)
------------------------------------------
Standard       BB+       BB+       BB+    
&amp; Poor’s                              
Moody’s        Ba1       Ba1       Ba1    
Fitch          BBB       BBB       BBB    
(1) As of April 2, 2025.
 (2) As of December 31.
 

Annual Report and Form 20-F 2024 |

                Exposure               
to interest rate and exchange rate risk
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The table below provides a summary of information regarding our exposure to interest rate and exchange rate risk in our finance debt for 2024 and 2023, including short-term and long-term debt.
 
TOTAL FINANCE