Moody’s affirms Banco ABC Brasil

Moody's Investors Service said it affirmed all ratings and assessments assigned to Banco ABC Brasil SA, including the long-term bank deposit ratings of Ba2 for local currency and Ba3 for foreign currency in global scale, the senior unsecured medium-term note rating of provisional Ba2, the subordinated debt rating of Ba3, the national scale deposit rating of Aa2.br, as well as the long term counterparty risk rating of Ba1, for local and foreign currencies.

Moody's also affirmed the short-term ratings, as well as the baseline credit assessment of ba2, and counterparty risk assessments of Ba1(cr) for long-term and NP(cr) for short-term.

The ratings have a stable outlook.

The affirmation reflects an expectation that the bank will continue to maintain superior asset quality, healthy capital ratios and good profitability over the next 12-18 months, the agency said.

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