Petrobras Energia Participacoes S.A http://www.alacrastore.com/company-snapshot/Petrobras_Energia_Participacoes_S_A-1032320 Saturday, August 30, 2008 10:03:16 AM 1032320 Petrobras Energia Participacoes S.A en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/395888_report_framefitch/395888_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Petrobras Energia Participacoes S.A861887028/6/2008 2:18:00 PM010000000103000001031000425Full Rating ReportPBE395888_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/428361_pr_framefitch/428361_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Petrobras Energia Participacoes S.A861887028/5/2008 6:31:00 PM01000000010300000103100085Press ReleasePBE428361_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/385578_report_framefitch/385578_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Petrobras Energia Participacoes S.A861887025/7/2008 2:15:00 PM010000000103000001031000165Credit UpdatePBE385578_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/COP_600008079moodys/COP_600008079htmlCredit Opinion1/4/2008 2:19:59 AMGlobal Credit Research Credit Opinion ## OCT #### Credit Opinion: Petrobras Energia S.A. Petrobras Energa S.A. Buenos Aires, Argentina Ratings Category Moody's Rating Outlook Stable(m) Corporate Family Rating B# Issuer Rating -Dom...Petrobras Energia S.A.600008079150.0000NewshtmlPetrobras Energia S.A.COP_600008079Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622806spcred/622806normThe latest News from S&P12/26/2007 1:20:34 PMNews100global622806ArgentinaIntegrated Oil & GasEmerging MarketsLatin AmericaGlobal IssuersFinancial InstitutionsCorporationsMetals & MiningGasEnergyNewsBUENOS AIRES (Standard&Poor's) Dec. 26, 2007--Standard&Poor's Ratings Services said today that its ratings on Petrobras Energia S.A. (PESA; BB/Stable/--) would not be affected by the company's recent announcement of several transactions to rebalance its asset portfolio. PESA recently announced the sale of 40% of its upstream operations in Perú to its controlling shareholder Petroleo Brasileiro S.A. - Petrobras (BBB-/Stable/--) for about $423 million. PESA also announced the acquisition of a 13.72% stake in El Tordillo and La Tapera-Puesto Quiroga areas in Argentina for about $117 million. Peruvian operations are very profitable and accounted for about 10% of PESA's oil and gas production in the first nine months of 2007. We see these transactions as part ofARGP7873P70522M20448471646J713665P7652M10102010 101020 1010 10Petrobras Energia S.A.309861EMERGINGLATAMERICAPECO@ARNEWSBRA71654871654V7165J37165J57165J47165J67165J77165J07165J17165J210102010 101020 1010 10Petroleo Brasileiro S.A. - Petrobras103887LATAMERICAEMERGINGPETR3@BZGLOBISSFICORPMetalsGasEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/394382_pr_framefitch/394382_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.75861887020103000001031000PBE01000000Press ReleasePetrobras Energia Participacoes S.A12/13/2007 6:28:00 PM394382_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/618590spcred/618590normThe latest Full Report from S&P12/10/2007 1:23:02 PMFull Report400global618590ArgentinaIntegrated Oil & GasEmerging MarketsLatin AmericaGlobal IssuersFinancial InstitutionsCorporationsMetals & MiningEnergyGasFull ReportPotential support from its main shareholder, Petroleo Brasileiro S.A. - Petrobras, enhances financial flexibility and overall credit quality Integrated operations, competitive cost for upstream operations Strong concentration in volatile environments, mainly Argentina and Venezuela Capital-intensive business that requires continuous reinvestment to sustain production levels Poor reserve-replacement ratios Standard&Poor's Ratings Services' ratings on Argentina-based Petrobras Energia S.A. (PESA) mainly reflect our perception of the existence of economic incentives from Petrobras (BBB-/Stable/--) to support PESA, given its strategic importance as a key foreign subsidiary in Latin America. This was evidenced partly through the standby purchase agreement (SPA) granted to PESA to support the issuance of $300 million 10-year notes in May 2007. As a result, our final rating on PESAARGP7873P70522M20448471646J713665P7652M10102010 101020 1010 10Petrobras Energia S.A.309861EMERGINGLATAMERICAPECO@ARFULLBRA7165J17165J47165J67165J07165J27165J37165J571654871654V7165J710102010 101020 1010 10Petroleo Brasileiro S.A. - Petrobras103887EMERGINGLATAMERICAPETR3@BZGLOBISSFICORPMetalsEnergyGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/618572spcred/618572normThe latest Summary from S&P12/10/2007 1:23:01 PMSummary175global618572ArgentinaIntegrated Oil & GasEmerging MarketsLatin AmericaGlobal IssuersCorporationsFinancial InstitutionsMetals & MiningEnergyGasSummaryStandard&Poor's Ratings Services' ratings on Argentina-based Petrobras Energia S.A. (PESA) mainly reflect our perception of the existence of economic incentives from Petrobras (BBB-/Stable/--) to support PESA, given its strategic importance as a key foreign subsidiary in Latin America. This was evidenced partly through the standby purchase agreement (SPA) granted to PESA to support the issuance of $300 million 10-year notes in May 2007. As a result, our final rating on PESA is two notches above the stand-alone credit rating and two notches above the foreign currency rating on the Republic of Argentina (B+/Stable/B). In addition, the rating on the $300 million notes due 2017 reflects the benefit of the credit support provided under the terms of the SPA.ARGP7873P70522M20448471646J713665P7652M10102010 101020 1010 10Petrobras Energia S.A.309861EMERGINGLATAMERICAPECO@ARSUMMARYBRA7165J47165J671654871654V7165J07165J17165J27165J37165J57165J710102010 101020 1010 10Petroleo Brasileiro S.A. - Petrobras103887EMERGINGLATAMERICAPETR3@BZGLOBISSCORPFIMetalsEnergyGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/611049spcred/611049normThe latest Summary from S&P11/2/2007 1:50:41 PMSummary175global611049ArgentinaIntegrated Oil & GasEmerging MarketsLatin AmericaGlobal IssuersFinancial InstitutionsCorporationsGasMetals & MiningEnergySummaryStandard&Poor's Ratings Services' ratings on Argentina-based Petrobras Energia S.A. (PESA) mainly reflect our perception of the existence of economic incentives from Petroleo Brasileiro S.A. (Petrobras; BBB-/Stable/--) to support PESA, given its strategic importance as a key foreign subsidiary in Latin America. This was evidenced partly through the standby purchase agreement (SPA) granted to PESA to support the issuance of $300 million 10-year notes in April 2007. As a result, our final rating on PESA is two notches above the stand-alone credit rating and two notches above the foreign currency rating on the Republic of Argentina (B+/Stable/B). In addition, the rating on the $300 million notes due 2017 reflects the benefit of the credit support provided under the termsARG71646J713665P7652MP7873P70522M20448410102010 101020 1010 10Petrobras Energia S.A.309861EMERGINGLATAMERICAPECO@ARSUMMARYBRA7165J07165J17165J27165J37165J57165J771654871654V7165J47165J610102010 101020 1010 10Petroleo Brasileiro S.A. - Petrobras103887EMERGINGLATAMERICAPETR3@BZGLOBISSFICORPGasMetalsEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_143108_600008079moodys/PR_143108_600008079htmlRating Action10/27/2007 12:30:55 AMGlobal Credit Research Rating Action ## OCT #### Rating Action: Petrobras Energia S.A. Moody's asigna calificaciones en Escala Global, Moneda Local y en Escala Nacional a Petrobras Energia, S.A. New York, October ##, #### -- Moody's...Petrobras Energia S.A.600008079150.0000NewshtmlPetrobras Energia S.A.PR_143108_600008079Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_142951_600008079moodys/PR_142951_600008079htmlRating Action10/26/2007 12:20:54 AMGlobal Credit Research Rating Action ## OCT #### Rating Action: Petrobras Energia S.A. Moody's Assigns Ba# GLCR To Petrobras Energia S.A. And National Scale Ratings New York, October ##, #### -- Moody's Investors Service assigned a...Petrobras Energia S.A.600008079150.0000NewshtmlPetrobras Energia S.A.PR_142951_600008079Credit & Investment ResearchMoody's Global Credit Research