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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.
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