Petrobras Among the Best According to Standard & Poor's Management and Governance Score

Standard & Poor's Ratings Services (S&P) published a report (Management and Governance Credit Factors) where it assigns management and governance evaluations to more than 300 nonfinancial Latin American corporations. Standard & Poor's uses the management and governance (M&G) score to modify its evaluation of an enterprise's business risk profile, a key component of its credit rating.

Of the 310 evaluated seven were designated as "strong", 106 as "satisfactory", 195 as "fair", and two as "weak".

Worldwide, the agency assigned M&G scores to 3,868 companies of which only 8% are designated as "strong". 

S&P states that the scores are highly correlated with the overall credit ratings and investment-grade companies tend to have "strong" or "satisfactory" M&G scores.