04.11.2016 21:04:00

Banco BBM S.A. -- Moody's upgrades BBM's global scale and NSR deposit ratings to Ba1/Aaa.br; negative outlook

New York, November 04, 2016 -- Moody's Investors Service has today upgraded Banco BBM S.A.'s (BBM) long-term global local currency deposit rating to Ba1, from Ba2; the long-term Brazilian national scale deposit rating to Aaa.br, from Aa2.br; the adjusted baseline credit assessment (BCA) to ba1, from ba2; and the long- and short-term counterparty risk assessments to Baa3(cr) and Prime 3(cr), from Ba1(cr) and 'Not Prime (cr)', respectively. At the same time, Moody's affirmed the long-term foreign currency deposit rating of Ba3; the short-term local- and foreign-currency deposit ratings of 'Not Prime' and the short-term Brazilian national scale deposit rating of BR-1. The outlook remains negative.

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