New York, May 05, 2014 -- Moody's Investors Service affirmed all ratings assigned to Banco BMG S.A. (BMG) including the E+ BFSR, which maps to a b1 baseline credit assessment, B1 long-term global local and foreign currency deposit ratings and foreign currency senior and subordinated bond ratings of B1 and B2, respectively. The foreign currency senior unsecured debt rating assigned to the outstanding November 2016 Tier 2 notes issued by Banco de Crédito e Varejo S.A. (BMG's wholly-owned subsidiary) was also affirmed. All ratings remain with a stable outlook.

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