Article: MOODY'S ASSIGNS FIRST-TIME RATINGS TO BANIF BANCO DE INVESTIMENTOS

Moody's Investors Service assigned a bankfinancial strength rating of D- (D minus) to Banif Banco de Investimentos(Brasil) S.A. (Banif BI). The rating agency also assigned Banif BI longand short term global local currency deposit ratings of Ba1 and NotPrime, respectively, and national scale ratings of Aa2.br and BR-1. Atthe same time, Moody's assigned Banif BI long and short term foreigncurrency deposit ratings of Ba2 and Not Prime. All ratings have a stableoutlook. The rating agency noted that the D- bank financial strength rating forBanif BI benefits from the bank's established investment bankingfranchise but is limited by relatively weak stand-alone financialfundamentals, reflecting its ...

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