Moody's affirms Banco BBM

Moody's Investors Service said it affirmed all ratings assigned to Banco BBM SA, including the D+ financial strength rating, the global local and foreign currency deposit ratings of Ba1 and Not Prime, as well as the national scale deposit ratings on Brazilian national scale of Aa2.br and BR-1.

The outlook remains stable.

Moody's said the affirmation incorporates the favorable profitability prospects as the bank expands its lending business, supported by adequate capital levels and a relatively more diversified funding profile.

BBM's disciplined liquidity management and conservative loan underwriting policies are also incorporated into this action, as well as its track record of volatile earnings, which reflect a dynamic risk management strategy, the agency said.

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