Fitch: No change for Banco Santander (Brasil)

Fitch Ratings said that Banco Santander (Brasil) SA's issuance of stocks does not have an immediate impact on its foreign-currency long-term issuer default rating of BBB, short-term foreign-currency issuer default rating of F2, local-currency long-term issuer default rating of BBB+, short-term local-currency issuer default rating of F2, national long-term rating of AAA(bra) and national short-term rating of F1+(bra).

The issuer default ratings are driven by the support Fitch said it expects the bank would receive from its parent, Spain's Banco Santander, which has a long-term issuer default rating of AA with a stable outlook.

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