Petrobras achieves international audit maturity rating and credit upgrade

Petrobras has become the first Brazilian company and the second globally to reach Level 4 maturity in the Internal Audit Capability Model (IA-CM). This international methodology, developed by the Institute of Internal Auditors with support from the World Bank, evaluates the maturity and capacity of corporate audit practices on a five-level scale.

The achievement follows a year-long external validation process conducted by the Office of the Comptroller General (CGU) in Brazil. Reaching Level 4 indicates a corporate environment with structured processes, solid governance, and intensive use of technology and data analysis. Petrobras President Magda Chambriard stated that the recognition validates the company's investment in innovation and alignment with global best practices.

In addition to the audit milestone, the credit rating agency Fitch has upgraded Petrobras's Standalone Credit Profile (SCP) from ‘bbb’ to ‘bbb+’. This marks the first upgrade of this specific indicator for the state-controlled company since 2020, reflecting an improvement in its intrinsic credit quality.