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By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

 

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Rating Action:

MOODY'S UPGRADES BRAZILIAN BANKS' FOREIGN CURRENCY DEPOSITS AND BONDS

12 Oct 2005
MOODY'S UPGRADES BRAZILIAN BANKS' FOREIGN CURRENCY DEPOSITS AND BONDS

New York, October 12, 2005 -- Moody's Investors Service upgraded certain Brazilian banks' long-term foreign currency bank deposit ratings to B1, from B2, and maintained the positive outlook on those ratings. The Not Prime short-term foreign currency deposit rating was affirmed. Moody's also upgraded the foreign currency bond ratings of selected Brazilian banks.

This action follows Moody's upgrade of Brazil's foreign currency ceiling for deposits to B1, from B2, and the foreign currency country ceiling for bonds and notes to Ba3, from B1. The country ceilings have a positive outlook.

The following ratings were upgraded:

Banco ABN Amro Real S.A.: B1 long-term foreign currency deposit rating, positive outlook

Banco Sudameris S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long-term foreign currency debt rating, stable outlook

Banco do Brasil S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long- term foreign currency debt rating, stable outlook

Banco Barclays S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long-term foreign currency debt rating, stable outlook

Banco do Estado de Sao Paulo S.A.: B1 long-term foreign currency deposit rating, positive outlook

Banco do Estado de Sao Paulo S.A. Cayman Island Branch: Ba1 long-term foreign currency debt rating, stable outlook

Banco Santander Brasil S.A.: B1 long- term foreign currency deposit rating, positive outlook

Banco Bozano, Simonsen S.A.: Ba1 long-term foreign currency debt rating, stable outlook

BES Investimento do Brasil S.A.: B1 long-term foreign currency deposit rating, positive outlook

Banco Industrial e Comercial S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba3 long-term foreign currency debt rating, stable outlook

Banco BMG S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba3 long-term foreign currency debt rating, stable outlook

BNDES Banco de Desenvolvimento Econômico e Social S.A: B1 long-term foreign currency deposit rating, positive outlook, and Ba3 long-term foreign currency debt rating, positive outlook

Banco Bradesco S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long- term foreign currency debt, stable outlook

Banco Bradesco S.A. Grand Cayman Branch: Ba1 long- term foreign currency debt rating, stable outlook

Banco Bradesco S.A. New York Branch: Ba1 long- term foreign currency debt rating, stable outlook

Banco Bilbao Vizcaya Brazil S.A.: Ba1 long- term foreign currency debt rating, stable outlook

Caixa Econômica Federal: B1 long-term foreign currency deposit rating, positive outlook

Banco Citibank S.A.: B1 long-term foreign currency deposit rating, positive outlook

HSBC Bank Brasil S.A. Banco Multiplo: B1 long-term foreign currency deposit rating, positive outlook

Banco Itaú S.A.: B1 long-term foreign currency deposit rating, positive outlook

Banco Itaú S.A. Grand Cayman Branch: Ba1 long-term foreign currency debt rating, stable outlook

Banco Nossa Caixa S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long-term foreign currency debt rating, stable outlook

Banco Safra S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long- term foreign currency debt rating, stable outlook

Safra Leasing S.A.: Ba1 long- term foreign currency debt rating, stable outlook

Banco Safra Grand Cayman Branch: Ba1 long- term foreign currency debt rating, stable outlook

Banco Sumitomo Mitsui Brasileiro S.A.: B1 long-term foreign currency deposit rating, positive outlook

Unibanco -- União de Bancos Brasileiros S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba1 long- term foreign currency debt rating, stable outlook

Unibanco Leasing S.A.: Ba1 long- term foreign currency debt, stable outlook

Unibanco S.A. Grand Cayman Branch: Ba1 long- term foreign currency debt, stable outlook

Banco Votorantim S.A.: B1 long-term foreign currency deposit rating, positive outlook, and Ba2 long-term foreign currency debt, stable outlook

New York
Gregory W. Bauer
Managing Director
Financial Institutions Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
M. Celina Vansetti
Financial Institutions Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

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