Petrobras Global Finance B.V. -- Moody's assigns B3 rating to Petrobras Global Finance's proposed notes

New York, May 17, 2016 -- Moody's Investors Service (Moody's) assigned a B3 rating to Petrobras Global Finance B.V.'s proposed global notes, which will be unconditionally guaranteed by Petroleo Brasileiro S.A. (Petrobras, B3 negative). The B3 rating on the proposed notes is based on the rating of Petrobras. The proposed notes are senior unsecured and pari passu with Petrobras Global Finance B.V. and Petrobras' other senior foreign currency debt. Proceeds from the proposed notes issuance will be used for debt refinancing and other general corporate purposes.

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