Moody's extends Banco Santander (Brasil) review

Moody's Investors Service said it is continuing to review for downgrade the standalone bank financial strength rating and the long- and short-term global local currency deposit ratings assigned to Banco Santander (Brasil) SA.

The extension follows Moody's downgrade of the ratings of its parent bank, Banco Santander in Spain.

Moody's said it expects to conclude the review by mid June.

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