Banco Votorantim S.A. -- Moody's continues review for downgrade of Banco Votorantim

Sao Paulo, January 30, 2014 -- Moody's Investors Service announced today it is continuing its review for downgrade of Banco Votorantim S.A. (Banco Votorantim)'s ratings, including the bank financial strength (BFSR) of D+, which maps to a baseline credit assessment (BCA) of baa3; its global local- and foreign-currency deposit ratings of Baa2 and Not Prime, long- and short-term, respectively; the long-term foreign-currency senior unsecured debt rating of Baa2; the senior unsecured MTN program (foreign currency) rating of (P)Baa2; the long-term foreign-currency subordinated debt rating of Baa3; and the long- and short-term Brazilian national scale deposit rating of Aaa.br and BR-1, respectively.

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