Banco BTG Pactual S.A.: Business Reset Addresses Negative Franchise Pressures and Strengthens Financial Profile
CROSS-SECTOR ISSUER IN-DEPTH 8 December 2016 RATINGS Banco BTG Pactual S.A. LT Bank Deposit (Domestic) Ba3 LT Bank Deposit (Foreign) Ba3 Senior Unsecured MTN (Foreign) (P)Ba3 Baseline Credit Assessment ba3 Adjusted Baseline Credit Assessment ba3 Issuer Outlook
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