Sao Paulo, May 09, 2014 -- Moody's America Latina Ltda downgraded the global scale, foreign currency corporate family rating of General Shopping Brasil S.A. to B1 from Ba3 (national scale, local currency corporate family rating to Baa2.br from A3.br). The rating outlook is stable. Moody's notes that the releasing office for General Shopping's corporate family rating has changed to Moody's America Latina Ltda from Moody's Investors Service.

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