Moody's ups Brazilian banks

Moody's Investors Service said it upgraded certain Brazilian banks' long-term foreign currency bank deposit ratings to B1 from B2 and maintained the positive outlook on those ratings.

The not prime short-term foreign currency deposit rating was affirmed.

Moody's said it also upgraded the foreign currency bond ratings of selected Brazilian banks.

This action follows Moody's upgrade of Brazil's foreign currency ceiling for deposits to B1 from B2 and the foreign currency country ceiling for bonds and notes to Ba3 from B1.

The country ceilings have a positive outlook.

The following ratings were upgraded:

* Banco ABN Amro Real SA: B1 long-term foreign currency deposit rating, positive outlook;

* Banco Sudameris SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long-term foreign currency debt rating, stable outlook;

* Banco do Brasil SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long- term foreign currency debt rating, stable outlook;

* Banco Barclays SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long-term foreign currency debt rating, stable outlook;

* Banco do Estado de Sao Paulo SA: B1 long-term foreign currency deposit rating, positive outlook;

* Banco do Estado de Sao Paulo SA Cayman Island Branch: Ba1 long-term foreign currency debt rating, stable outlook;

* Banco Santander Brasil SA: B1 long- term foreign currency deposit rating, positive outlook;

* Banco Bozano, Simonsen SA: Ba1 long-term foreign currency debt rating, stable outlook;

* BES Investimento do Brasil SA: B1 long-term foreign currency deposit rating, positive outlook;

* Banco Industrial e Comercial SA: B1 long-term foreign currency deposit rating, positive outlook;and Ba3 long-term foreign currency debt rating, stable outlook

* Banco BMG SA: B1 long-term foreign currency deposit rating, positive outlook and Ba3 long-term foreign currency debt rating, stable outlook;

* BNDES Banco de Desenvolvimento Econômico e Social S.A: B1 long-term foreign currency deposit rating, positive outlook and Ba3 long-term foreign currency debt rating, positive outlook;

* Banco Bradesco SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long- term foreign currency debt, stable outlook;

* Banco Bradesco SA Grand Cayman Branch: Ba1 long- term foreign currency debt rating, stable outlook;

* Banco Bradesco SA New York Branch: Ba1 long- term foreign currency debt rating, stable outlook;

* Banco Bilbao Vizcaya Brazil SA: Ba1 long- term foreign currency debt rating, stable outlook;

* Caixa Econômica Federal: B1 long-term foreign currency deposit rating, positive outlook;

* Banco Citibank SA: B1 long-term foreign currency deposit rating, positive outlook;

* HSBC Bank Brasil SA Banco Multiplo: B1 long-term foreign currency deposit rating, positive outlook;

* Banco Itaú SA: B1 long-term foreign currency deposit rating, positive outlook;

* Banco Itaú SA Grand Cayman Branch: Ba1 long-term foreign currency debt rating, stable outlook;

* Banco Nossa Caixa SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long-term foreign currency debt rating, stable outlook;

* Banco Safra SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long- term foreign currency debt rating, stable outlook;

* Safra Leasing SA: Ba1 long- term foreign currency debt rating, stable outlook;

* Banco Safra Grand Cayman Branch: Ba1 long- term foreign currency debt rating, stable outlook;

* Banco Sumitomo Mitsui Brasileiro SA: B1 long-term foreign currency deposit rating, positive outlook;

* Unibanco - União de Bancos Brasileiros SA: B1 long-term foreign currency deposit rating, positive outlook and Ba1 long- term foreign currency debt rating, stable outlook;

* Unibanco Leasing SA: Ba1 long- term foreign currency debt, stable outlook;

* Unibanco SA Grand Cayman Branch: Ba1 long- term foreign currency debt, stable outlook;

* Banco Votorantim SA: B1 long-term foreign currency deposit rating, positive outlook and Ba2 long-term foreign currency debt, stable outlook.

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