Brazil's Foreign&Local Currency Rtgs Raised by S&P - S&P Global Ratings’ Credit Research

Brazil's Foreign&Local Currency Rtgs Raised by S&P

Brazil's Foreign&Local Currency Rtgs Raised by S&P - S&P Global Ratings’ Credit Research
Brazil's Foreign&Local Currency Rtgs Raised by S&P
Published Apr 02, 1997
Published Apr 02, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 4/2/97 -- Standard&Poor's today has raised its rating on the Federative Republic of Brazil's US$54.1 billion of long-term foreign currency debt, including Brady Bonds, to double-`B'-minus from single-`B'-plus. Also, Standard&Poor's has raised its long-term local currency credit rating of the Republic to double-`B'-plus from double-`B'. In addition, Standard&Poor's has assigned its single-`B' local and foreign short-term credit ratings to Brazil. At the same time, Standard&Poor's has raised its ratings on Banco Nacional de Desenvolvimento Economico e Social's (BNDES) $1.4 billion of long- term foreign currency debt to double-`B'-minus from single-`B'-plus. Also, Standard&Poor's has raised its long-term local currency counterparty credit rating on BNDES to

  
Report Type:

Ratings Action

Ticker
1323Z@BZ
Issuer
Brazil
Sector
Global Issuers, Structured Finance
Country
Brazil
Region
Latin America
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Brazil's Foreign&Local Currency Rtgs Raised by S&P" Apr 02, 1997. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Brazil-s-Foreign-Local-Currency-Rtgs-Raised-by-S-P-79818>
  
APA:
S&P Global Ratings’ Credit Research. (). Brazil's Foreign&Local Currency Rtgs Raised by S&P Apr 02, 1997. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Brazil-s-Foreign-Local-Currency-Rtgs-Raised-by-S-P-79818>
  
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