Fitch upgrades B3 and XP

Fitch Ratings said it raised the long-term issuer default ratings of B3 SA Brasil, Bolsa, Balcao to BB+ from BB and XP Inc. to BB from BB'.

The upgrades follow a similar action on July 26 on Brazil’s sovereign ratings to BB from BB- and sovereign country ceiling to BB+ from BB, Fitch said. The outlook is stable for both issuers.

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