| Title: | Ratings Raised On 10 Brazilian Entities; Outlooks Stable |
| Price: | $100.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | News |
| Abstract: | SAO PAULO (Standard&Poor's) April 30, 2008--Standard&Poor's Ratings Services said today that it raised its global scale rating one notch on 10 entities, following the upgrade on the Federative Republic of Brazil to (FC: BBB-/Stable/A-3; LC: BBB+/Stable/A-2). (See " Brazil Long-Term Foreign Currency Rating Raised To Investment-Grade ?BBB-?, Outlook Stable ," published April 30, 2008, on RatingsDirect.) The list of affected issuer credit ratings is detailed at the end of this report. The outlook on all the ratings is stable. We raised our foreign and local currency ratings on retail banks, Banco Itaú S.A. and Banco Bradesco S.A., to (BBB/Stable/A-3). The rating actions reflect improvement in Brazil's macroeconomic environment, which supported the sovereign upgrade. Even though the |
| Brief Excerpt: | RESEARCH Ratings Definitions Ratings Raised On ## Brazilian Entities; Outlooks Stable Publication date: ##-Apr-#### Primary Credit Analyst: Milena Zaniboni, Sao Paulo (##) ## ####-####; milena_zaniboni@standardandpoors.com Secondary... |
| Word Count: | 1115 |
| Ticker: | ITAU4@BZ |
| Issuer: | Banco Itau S.A. |
| GICS: | Diversified Banks (40101010) |
| Sector: | Global Issuers, Financial Institutions |
| Country: | Brazil |
| Region: | Latin America |
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