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Article: MOODY'S UPGRADES FC RATINGS OF SOME BRAZILIAN BANKS
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- September 23, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (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 ...