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04.10.2013 20:52:00

Moody's downgrades three Diversified Payment Right programs sponsored by Brazilian banks

Mexico, October 04, 2013 -- Moody's Investors Service downgraded today the rating of nine notes issued by three separate Diversified Payment Rights programs (DPRs) sponsored by three Brazilian banks: Banco do Brasil, Banco Bradesco and Banco Santander Brasil. Moody's also kept unchanged the rating of one note issued by Banco do Brasil that benefits from an insurance provided by Assured Guaranty Corp.

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