S&P Changes Outlook for 15 Brazilian Financial Institutions from Positive to Stable

The measure was announced on Tuesday, one day after the agency adopted an identical review of the outlook for the country's sovereign rating.

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 . . .

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