Article: Fitch Affirms Sul America S.A's International and National Ratings.

Fitch Ratings has affirmed the following International and National ratings assigned to Sul America S.A. (Sasa), the holding company of Sul America Seguros (SAS):

--Long-term Foreign Currency Issuer Default Rating (IDR) at 'BB'; Outlook Stable;

--Long-term Local Currency IDR at 'BB'; Outlook Stable;

--Short-term Foreign Currency IDR at 'B';

--Short-term Local Currency IDR at 'B';

--Long-term National Rating at 'AA-(bra)'; Outlook Stable;

--Short-term National Rating at 'F1+(bra)';

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