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Article: BRAZIL: MOODY'S ASSIGNS FIRST-TIME RATINGS TO BANIF BANCO DE INVESTIMENTOS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- April 17, 2008
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Moody's Investors Service assigned a bank financial strength rating of D- (D minus) to Banif Banco de Investimentos (Brasil) S.A. (Banif BI). The rating agency also assigned Banif BI long and short term global local currency deposit ratings of Ba1 and Not Prime, respectively, and national scale ratings of Aa2.br and BR-1. At the same time, Moody's assigned Banif BI long and short term foreign currency deposit ratings of Ba2 and Not Prime. All ratings have a stable outlook. The rating agency noted that the D- bank financial strength rating for Banif BI benefits from the bank's established investment banking franchise but is limited by relatively weak stand-alone ...