Moody's: Brazilian subnationals up to positive

Moody's Investors Service said it changed the B1 foreign currency issuer rating outlooks for the State of Ceara, the City of Rio de Janeiro and the City of Curitiba to positive from stable.

Moody's said the change reflects the recent change in the Republic of Brazil's foreign currency country ceiling outlook.

The City of Curitiba's Ba1 local currency issuer outlook remains stable.

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