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Published on 7/27/2006 in the Prospect News Emerging Markets Daily.

Fitch ups Brazilian banks' short-term ratings

Fitch Ratings said it upgraded select Brazilian banks' short-term local currency ratings to F3 from B following the recent upgrade of the banks' local currency issuer default ratings to BBB- from BB+.

The affected banks include Banco Bradesco SA, Banco Itau Holding Financeira SA, Banco Itau SA, Banco Itau BBA SA and Banco Votorantim SA.


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