Sao Paulo, September 11, 2015 -- Moody's América Latina Ltda. (MAL) has today affirmed BIC Arrendamento Mercantil S.A.'s (BIC Leasing) long-term global local-currency issuer rating of Baa3, the long-term local currency subordinated debt rating of Ba1, and the long-term Brazilian national scale issuer rating of Aa1.br, and the long-term Brazilian national scale subordinate debt rating of Aa2.br. The outlook on BIC Leasing's issuer rating was changed to negative from stable.
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