(ADPnews) - Mar 23, 2010 - Fitch upheld on Monday Brazil's Banco Votorantim's (BV) long-term foreign and local currency issuer default ratings (IDRs) of BBB- with a "stable" outlook.
The agency also affirmed at F3 the lender's short-term foreign and local currency IDRs, its individual rating of C/D, the support rating of 2, the national long-term rating of AA+(bra) with a "stable" outlook and the short-term national rating of F1+(bra).
At the same time, Fitch confirmed the AA+(bra) national long-term rating of BV Leasing Arrendamento Mercantil's (BV Leasing) issuances.
The bank's IDRs and national ratings are underpinned by the support from Banco …
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