14.08.2015 20:25:00
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Banco Psa Finance Brasil S.A. -- Moody's affirms Banco PSA's deposit ratings; positive outlook
New York, August 14, 2015 -- Moody's Investors Service has today affirmed the long-term local- and foreign-currency deposit ratings of Banco PSA Finance Brasil S.A. (Banco PSA) at Ba2, and changed the outlook on the ratings to positive, from stable, following the change in the outlook for the ratings of Banco PSA's French-based parent Banque PSA Finance (BPF; Baa3/Baa3 positive, ba2). Moody's also affirmed Banco PSA's short-term local- and foreign-currency deposit ratings at Not Prime, and long- and short-term Brazilian national scale deposit ratings at Aa3.br and BR-1, respectively. At the same time, Moody's affirmed Banco PSA's baseline credit assessment (BCA) at ba3, its adjusted BCA at ba2, as well as its long- and short-term Counterparty Risk Assessments (CRA) at Ba1(cr) and Not Prime(cr).