Fitch moves BTG Pactual view to positive

Fitch Ratings said it revised Banco BTG Pactual SA's outlook to positive from stable and affirmed its foreign- and local-currency long-term issuer default ratings at BB-. Fitch also affirmed BTG Pactual’s long-term national ratings at AA(bra).

The outlook revision to positive reflects an improvement in BTG Pactual's business profile due to its transforming revenue and funding mix as well as the strength and resilience of the bank's overall financial profile. Maintenance of these trends could provide some upside potential for its rating over the near term,” Fitch said in a press release.

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