Fitch lifts outlook of Brazilian banks, insurance companies to positive

Fitch Ratings said it revised the outlook on the foreign- and local-currency issuer default ratings and national ratings of a select group of Brazilian banks, insurance and leasing companies to positive from stable following the revision of Brazil's foreign- and local-currency issuer default rating outlook to positive.

The affected banks and companies include Banco ABN Amro Real SA, ABN Amro Arrendamento Mercantil SA, Banco Bradesco SA, Bradesco Seguros SA, Banco da Amazonia SA, Banco de Investimentos Credit Suisse (Brasil) SA, Banco do Brasil SA, Banco Itau Holding Financeira SA, Banco Itau SA, Banco Itau BBA SA, Banco ItauBank SA, ItauBank Leasing SA - Arrendamento Mercantil, Banco Nacional de Desenvolvimento Economico e Social, Banco Rabobank International Brasil SA, Banco Santander Banespa SA, Banco Standard de Investimentos SA, Banco UBS Pactual SA, UBS Pactual Overseas Corp., Banco Votorantim SA, Caixa Economica Federal and Unibanco-Uniao de Bancos Brasileiros SA.

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