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19.12.2012 23:03:00
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Banco de Desenvolvimento de Minas Gerais S.A. -- Moody's upgrades BDMG's issuer rating to Baa3; stable outlook
Sao Paulo, December 19, 2012 -- Moody's Investors Service has today upgraded to Baa3, from Ba1, the long-term global local currency issuer rating of Banco de Desenvolvimento de Minas Gerais S.A. (BDMG), and to Prime-3, from Not Prime, its short-term rating. The bank's long-term issuer ratings in the Brazilian national scale were also raised to Aa1.br from Aa2.br, with short-term rating remaining unchanged at BR-1. The outlook on these ratings is stable.
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