S&P lowers 6 Brazil banks view to negative

Standard & Poor's said it revised the outlook on Banco Industrial e Comercial SA, Banco Fibra SA, Banco Intermedium SA, Banco Mercantil do Brasil SA, Parana Banco SA and Banco Indusval & Partners SA to negative from stable.

The agency said it affirmed the existing ratings on these banks.

S&P also said the ratings and outlooks on 26 other banks and it core subsidiaries are unchanged.

The outlook revision was due to increased industry risks in Brazil's banking sector, the agency said.

The government's increasing involvement has resulted in growing market distortions due to the growing market share of loans from publicly owned banks over 2012 and an increasing spread differential between public and private banks, S&P said.

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