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03.08.2013 00:35:00
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BIC - Arrendamento Mercantil S.A. -- Moody's downgrades BIC Arrendamento Mercantil's ratings; outlook negative
Sao Paulo, August 02, 2013 -- Moody's América Latina has today downgraded BIC - Arrendamento Mercantil S.A.'s long-term global local-currency issuer rating to Ba1, from Baa3. Moody's also downgraded the issuer's long-term Brazilian national scale issuer rating to Aa2.br, from Aa1.br, long-term global local currency subordinate debt rating to Ba2, from Ba1, and long-term Brazilian national scale subordinate debt rating to Aa3.br, from Aa2.br. At the same time, Moody's placed a negative outlook on all ratings of BIC - Arrendamento Mercantil S.A.
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