01.09.2015 00:19:00

Banco Indusval S.A. (BI&P) -- Moody's downgrades Banco Indusval's deposit ratings to B2/Ba2.br; changes outlook to negative

New York, August 31, 2015 -- Moody's Investors Service today downgraded the long-term global local and foreign currency deposit ratings of Banco Indusval S.A. (BI&P) to B2 from B1. Moody's also downgraded the bank's baseline credit assessment to b2 from b1 and its long and short-term Brazilian national scale deposit ratings, to Ba2.br from Baa2.br and BR-4 from BR-3, respectively. The short-term global ratings were affirmed at Not Prime. At the same time, Moody's changed the outlook on all ratings to negative from stable.

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