Banco Fibra S.A. -- Moody's downgrades Banco FIBRA's ratings; stable outlook

Sao Paulo, October 29, 2013 -- Moody's Investors Service has today downgraded Banco Fibra S.A.'s (Fibra) bank financial strength rating (BFSR) to E+, from D-, and lowered the baseline credit assessment to b1, from ba3; its long-term global local and foreign currency deposit ratings were also downgraded to B1, from Ba3. At the same time, Moody's downgraded Fibra's Brazilian long-term national scale deposit ratings to Baa1.br, from A2.br. The bank's long-term foreign currency subordinated debt rating was lowered to B2, from B1. The Not Prime short-term global local and foreign currency deposit and national scale ratings were not affected. The outlook on all the ratings is stable.

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