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Published on 2/21/2008 in the Prospect News Emerging Markets Daily.

Moody's rates Cruzeiro notes Ba1

Moody's Investors Service said it assigned a Ba1 long-term foreign-currency rating to Banco Cruzeiro do Sul SA's $100 million senior unsecured notes due August 2009, which are being issued under the $1 billion global euro medium-term note program.

The outlook is stable.


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