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Article: Fitch Ratings Comments On Banco Itau's Acquisition Of Banco BBA Creditanstalt & Breaking Off Of Sudameris Negotiations.
- Article from:
- Business Wire
- Article date:
- November 12, 2002
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Business Editors
SAO PAULO & NEW YORK--(BUSINESS WIRE)--Nov. 12, 2002
Fitch Ratings has placed the National short-and long-term ratings of Banco BBA Creditanstalt (BBA), 'F1(bra)' and 'A-(bra)' respectively, and the national long-term rating of 'BBB+(bra)' of the debentures issued by Finaustria Arrendamento Mercantil on Rating Watch Positive. Itau's ratings are: short-and long-term foreign and local currency ratings of 'B', Individual of 'C', and short and long term national ratings of 'F1+(bra)' and 'AA-(bra)', respectively. The Negative Outlook on the long-term local and foreign currency ratings and on the long-term national rating reflect the recent ...