Moody's downgrades Banco Mercantil do Brasil's ratings; stable outlook.
New York, January 30, 2017-- Moody's Investors Service has today downgraded Banco Mercantil do Brasil S.A.' s long-term local- and foreign-currency deposit ratings to Caa1 from B3 and changed the outlook on all ratings to stable. At the same time, Moody's downgraded the bank's long-term national scale deposit rating to B3.br from B2.br and its long-term foreign-currency senior unsecured medium-term note program to Caa1 from B3, as well as its long-term foreign currency...
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