Moody's rates Dibens debentures Aaa.br

Moody's Investors Service said it assigned Dibens Leasing SA Arrendamento Mercantil's issuance of subordinated nonconvertible debentures an Aaa.br national scale debt rating and an A2 global local-currency debt rating.

The outlook is stable.

The debentures are the sixth issuance under the Second Securities Distribution Program. Moody's noted the ratings reflect subordination.

Dibens Leasing is a subsidiary of União de Bancos Brasileiros SA, which is rated Aaa.br on Brazil's national scale and A1 on the global local-currency deposit scale.

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