Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for B3 AS – Brasil, Bolsa, Balcão > News item |
Moody's lifts four Brazil banks to stable
Moody's Investors Service said it revised the outlook to stable from negative on the global scale local-currency debt and issuer ratings assigned to Banco Daycoval SA, BNDES Participações SA - Bndespar, Itaúsa - Investimentos Itaú SA and B3 AS – Brasil, Bolsa, Balcão.
These actions follow the recent outlook change on Brazil's Ba2 government bond rating to stable from negative.
Moody's said the outlook revision considers the reduced downside risks to growth and uncertainty regarding the country's reform momentum, which has relieved the sovereign constraint on affected banks.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.