Fitch upgrades ratings for Banco Industrial do Brasil

Rio de Janeiro/São Paulo, April 28, 2015: Fitch Ratings has upgraded Banco Industrial do Brasil's (BIB) Long-term Issuer Default Rating (IDR) to 'BB' from 'BB-' and its Long-term National Rating to 'A+(bra)' from 'A(bra)'. The Rating Outlook remains Stable.

The upgrade of BIB's ratings reflects its stable risk profile, adequate performance, above-peer average, as well as the good asset quality, liquidity and capitalization, through the different Brazilian economy cycles. The ratings are also supported by BIB's experience and consistent focus on small and medium-sized companies (SMEs).

For further information, access the press release.

Atualizado em 2015-04-29T15:41:19
All the dates of this page are presented in official timezone of Brasilia - Brazil.

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