Fitch stabilizes Brazilian bank view

Fitch Ratings said it revised the outlook on a group of Brazilian financial institutions and affirmed their ratings.

The rating actions follows the revision on Brazil’s outlook to stable from negative and the affirmation of its BB- ratings, the agency said.

The institutions are Banco Nacional de Desenvolvimento Economico e Social SA (Bndes), Banco do Nordeste do Brasil SA, Caixa Economica Federal SA, Banco Daycoval SA, BRB - Banco de Brasilia SA, Banco do Estado do Rio Grande do Sul SA (Banrisul), Banco BTG Pactual SA, Banco Bradesco SA, Itau Unibanco SA, Itau Unibanco Holding SA and XP Inc.

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