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Moody’s rates Banco BTG bonds Ba2
Moody’s Investors Service said it assigned a Ba2 foreign-currency debt rating to the proposed dollar-denominated senior unsecured notes due 2026 to be issued by Banco BTG Pactual SA (Cayman Branch).
The notes will be issued under its $5 billion global medium-term note program. Moody’s said the foreign-currency senior unsecured debt rating derives from Banco BTG Pactual SA’s Ba2 global local-currency deposit rating, which, in turn, reflects the bank’s baseline credit assessment of ba2.
The proceeds will be used to fund eligible sustainable projects.
The outlook is stable.
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