Fitch ups BTG Pactual national ratings

Fitch Ratings said it affirmed the long- and short-term foreign and local currency issuer default ratings of Banco BTG Pactual SA and its related entities PPLA Investments LP and BTG Pactual Holding SA.

The outlook is stable.

Fitch also upgraded Banco BTG Pactual and BTG Pactual Holding's national ratings to AA(bra) from AA-(bra), with a stable outlook.

“The upgrade of BTG Pactual's National ratings reflects the stabilization of its financial profile with good liquidity, capitalization and profitability levels when compared to local peers,” the agency said in a news release.

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