Moody's rates Banco Bradesco notes Baa2

Moody's Investors Service said it assigned a Baa2 long-term foreign-currency debt rating to the $750 million senior unsecured notes due March 2015 issued by Banco Bradesco SA acting through its Grand Cayman Branch.

The bond rating is at the country ceiling for foreign-currency bonds and notes for Brazil and thus carries the positive outlook that is currently assigned to the ceiling, the agency noted.

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