Fitch Revises Brazilian National Scale; Assigns Various Revision Ratings

May 19, 2016 8:50 PM

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(The following statement was released by the rating agency) CHICAGO, May 19 (Fitch) Fitch Ratings has recalibrated its Brazilian National Ratings scale following successive downgrades of the sovereign over the last six months.

The recalibration has resulted in several national scale rating revisions for issuers in various sectors including financial institutions, corporates, insurance and public finance. Revision ratings are used to modify ratings for reasons that are not related to credit quality in order to reflect chan...

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