Banco do Brasil S.A.: Update Following Change in Ratings Outlook to Negative
FINANCIAL INSTITUTIONS CREDIT OPINION 6 June 2017 Update RATINGS Banco do Brasil S.A. Domicile Brasilia, Distrito Federal, Brazil Long Term Debt (P)Ba2 Type Senior Unsecured MTN - Fgn Curr Outlook Not Assigned Long Term Deposit Ba3 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see theÂBanco do Brasil acts as banker and consultant to the Brazilian government and is also engaged in commercial banking, including personal banking, gold products, travelers' checks, insurance, collections, foreign exchange, underwriting, investments, trade and real estate financing, foreign exchange, loans, and portfolio management. As a government agent, Co. acts as general cashier and treasury agent, provides national check clearing, and conducts general and international banking business. Co. also operates approximately 15,964 banking services posts in cities throughout Brazil and in foreign countries.
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