Fitch revises Banco ABC Brasil view to stable

Fitch Ratings said it revised Banco ABC Brasil SA’s (ABCBr) long-term local currency issuer default rating and national rating outlook to stable from negative. At the same time, Fitch affirmed all of ABCBr’s international and national ratings. The outlook of the bank’s foreign-currency BB IDR remains negative.

The outlook change follows a similar revision by Fitch to Banco ABC Brasil’s parent to stable on Oct. 5.

The revision of the parent’s outlook to stable drove the outlooks of ABCBr’s local-currency IDR and long-term national rating.

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