Fitch affirms Banco Votorantim

Fitch Ratings said it affirmed Banco Votorantim SA's ratings at long-term foreign and local currency issuer default BBB- and short-term foreign and local currency issuer default rating F3.

At the same time, Fitch added that it has affirmed the national long- and short-term ratings at AA+(bra) and F1+(bra), respectively.

Fitch said it also affirmed the bank's individual rating at C/D and support rating at 3.

The outlooks for the long-term issuer default ratings and national long-term rating remain stable.

Fitch said it has also affirmed the national long-term rating of BV Leasing Arrendamento Mercantil SA's first and second issuances of debentures at AA+(bra), noting that the ratings of Banco Votorantim reflect the moderate probability of support from the bank's ultimate parent, Votorantim Participacoes SA (long-term local currency issuer default rating BBB/outlook stable and national long-term AAA(bra)/outlook stable).

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