Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Desenvolve SP – Agencia de Fomento do Estado de Sao Paulo SA > News item |
Moody's assigns Desenvolve SP Ba2
Moody's Investors Service said it assigned long-term global local-currency issuer rating of Ba2 to Desenvolve SP - Agencia de Fomento do Estado de Sao Paulo, following the assignment of a ba3 baseline credit assignment. In addition, Moody's assigned Desenvolve an Aa1.br long-term Brazilian national scale issuer rating. The outlook is stable.
The Ba2 issuer rating reflects Desenvolve's 10-year franchise as a regional development agency responsible for providing medium and long-term financing small and medium enterprises based in the state of Sao Paulo, in line with the state government's development and economic policies, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.