Moody's rates Banco Fibra bond Ba3

Moody's Investors Service said it assigned a Ba3 long-term foreign currency debt rating to the proposed senior unsecured bond issuance by Banco Fibra SA, in the approximate amount of $150 million, due April 2016.

The outlook is stable.

Moody's said the foreign currency senior unsecured debt rating derives from Fibra's Ba3 global local currency deposit rating.

The proposed notes will be issued under the bank's existing $1 billion global medium term note program rated provisional Ba3 on the long term scale and provisional Not Prime on the short-term scale.

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