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Article: MOODY'S ASSIGNS FIRST-TIME RATINGS TO BANIF BANCO DE INVESTIMENTOS
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- April 17, 2008
CopyrightCopyright 2008 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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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 ...