Banco Bradesco S.A. -- Moody's reviews down HSBC Brasil's deposit rating; affirms Bradesco's ratings

New York, August 05, 2015 -- Moody's Investors Service has today placed on review for downgrade HSBC Bank Brasil S.A. -- Banco Múltiplo's (HSBC Brasil) long- and short-term global local currency deposit ratings of A2 and Prime 1, the long-term foreign currency senior unsecured debt rating of Baa1, and the (P)Baa1 long-term foreign currency senior unsecured debt rating assigned to GMTN Program. Moody's also placed on review for downgrade the a2 Adjusted Baseline Credit Assessment (BCA), as well as the long- and short-term counterparty risk assessments of A1(cr) and Prime-1(cr). At the same time, Moody's affirmed HSBC Brasil's long- and short-term foreign currency deposit ratings of Baa2 and Prime-2, the Brazilian national scale deposit ratings of Aaa.br and BR-1, and the short-term foreign currency senior unsecured debt rating, assigned to GMTN Program, of (P)Prime 2. The standalone BCA of baa3 remains unchanged.

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