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Published on 12/15/2017 in the Prospect News Emerging Markets Daily.

Moody’s changes CCB Brazil Leasing view

Moody's Investors Service said it confirmed CCB Brasil Arrendamento Mercantil SA's (CCB Brazil Leasing) long-term global local-currency issuer rating of Ba1 and the long-term Brazilian national scale issuer rating of Aaa.br.

The outlook was changed to negative from rating under review.

The agency said the negative outlook on CCB Brazil Leasing's long-term global local currency issuer rating is in line with the outlook on CCB Brazil's long-term global local currency deposit rating.

The confirmation takes into account the recent R$1.2 billion capital injection received from its parent, China Construction Bank Corp., which raised CCB Brazil's tier 1 capital ratio above the 6% minimum regulatory requirement.


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