RIO DE JANEIRO, BRAZIL - S&P (Standard & Poor's) reported that it had revised the ratings of 15 institutions in the Brazilian financial sector from positive to stable.
The measure was announced on Tuesday, April 7th, a day after the agency adopted an identical review of the outlook for the country's sovereign rating. In addition, S&P says it has reaffirmed companies' long and short term ratings.
The institutions that have suffered a change in outlook by S&P are: ABC Brasil Bank; Bradesco Bank; Citibank; Bank of Brazil; Nordeste do Brasil Bank; National Bank . . .