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Article: BRAZIL: MOODY'S UPGRADES FC RATINGS OF SOME BRAZILIAN BANKS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service upgraded the foreign currency deposit ratings and the foreign currency bond ratings of certain Brazilian banks. These rating actions followed Moody's conclusion of the review for possible upgrade of Brazil's country ceilings for foreign currency bonds and deposits that had been announced on July 6, 2009. Moody's upgraded Brazil's foreign currency debt ceiling to Baa2 from Baa3 and lifted the nation's foreign currency deposit ceiling to Baa3 from Ba2 -- each with a positive outlook. For further detail, please refer to Moody's press release "Moody's upgrades Brazil to Baa3 and assigns a ...