Banco Regional de Desenv do Extremo Sul -- Moody's rates Banco Regional de Desenvolvimento do Extremo Sul Ba2, negative outlook

Sao Paulo, April 26, 2016 -- Today, Moody's América Latina assigned long and short-term global local currency issuer ratings of Ba2 and Not-Prime, respectively, to Banco Regional de Desenvolvimento do Extremo Sul (BRDE) -- a development bank owned a third each by the states of Paraná (Ba3, stable), Rio Grande do Sul (unrated) and Santa Catarina (unrated). At the same time, Moody's also assigned to BRDE long and short-term Brazilian national scale issuer ratings of Aa3.br and BR-1. The outlook on all ratings is negative. This is the first time Moody's has assigned ratings to Banco Regional de Desenvolvimento do Extremo Sul.

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