01.12.2014 21:38:00

BIC - Arrendamento Mercantil S.A. -- Moody's upgrades BIC Arrendamento Mercantil's ratings; outlook stable

Sao Paulo, December 01, 2014 -- Moody's América Latina has today upgraded all of its ratings for BIC - Arrendamento Mercantil S.A., including the long-term global local-currency issuer rating to Baa3 from Ba1; the long-term Brazilian national scale issuer rating to Aa1.br from Aa2.br; the long-term global local-currency subordinate debt rating to Ba1 from Ba2; and the long-term Brazilian national scale subordinate debt rating to Aa2.br from Aa3.br. At the same time, Moody's changed the outlook to stable from developing.

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