Fitch revises Brazilian banks’ view to negative

Fitch Ratings said it revised the outlook for several Brazilian financial institutions to negative from stable while affirming their ratings.

The revision follows Fitch’s recent change to Brazil’s sovereign outlook to negative.

The institutions are Caixa Economica Federal, Banco do Brasil SA, Banco Nacional de Desenvolvimento Economico e Social (Bndes), Banco Bradesco SA, NCF Participacoes SA, Itau Unibanco Holding SA, Itau Unibanco SA, Banco ABC Brasil SA, Banco BTG Pactual SA and Banco Pan SA.

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