Moody's withdraws Banco Pine S.A.'s ratings
Rating Action: Moody's withdraws Banco Pine S.A.' s ratings. Global Credit Research- 21 Aug 2017. New York, August 21, 2017-- Moody's Investors Service has withdrawn all ratings assigned to Banco Pine S.A., including the long- and short-term local and foreign currency deposit ratings of B1 and Not Prime, respectively, as well as the long- and short-term Brazilian national scale deposit ratings of Baa2.br and BR-3, respectively.Banco Pine is engaged in the provision of financial services to corporate middle-market segment as well as consumer financial services, primarily payroll deduction lending to retirees and pensioners who receive their income from the National Social Security Institute (INSS), and to public sector employees. Co. also provides financial services to larger companies. As of Dec 31 2007, Co. had 13 branch offices.
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