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Fitch Reviews Ratings of 11 Brazilian Small and Midsized Banks.

Rio de Janeiro: Fitch Ratings has reviewed the ratings of the following 11 Brazilian small and midsized banks:

--Banco Rendimento S.A. (Rendimento)

--Banco BMG S.A. (BMG)

--BR Partners Banco de Investimento S.A. (BR Partners)

--Banco Inter S.A. (Inter)

--Banco Pine S.A. (Pine)

--Banco BS2 S.A. (BS2)

--Omni S.A., CFI (Omni)

--Banco Agibank S.A. (Agibank)

--Banco Original S.A. (Original)

--Banco Fator S.A. (Fator)

--Banco Luso Brasileiro S.A. (Luso)

A full list of rating actions follows at the end of this release.

For further details on these banks, as well as for regulatory information, please see the individual press releases for each entity published today and available at 'www.fitchratings.com' and 'www.fitchratings.com.br'.

Fitch has taken the following rating actions:

Rendimento

--Long-Term National Rating affirmed at 'A-(bra)'; Outlook Stable;

--Short-Term National Rating affirmed at 'F2(bra)'.

BMG

--Long-Term Foreign and Local Currency IDRs affirmed at 'B+'; Outlook revised to Stable from Negative;

--Short-Term Foreign and Local Currency IDRs affirmed at 'B';

--Viability Rating affirmed at 'b+';

--Long-Term National Rating affirmed at 'A-(bra)'; Outlook revised to Stable from Negative;

--Short-Term National Rating affirmed at 'F2(bra)';

--Support Rating affirmed at '5';

--Support Rating Floor affirmed at 'No Floor';

--Subordinated notes due 2019 and 2020 Long-Term Foreign Currency Rating affirmed at 'B-'/'RR6'.

BR Partners

--Long-Term National Rating upgraded to 'A-(bra)' from 'BBB+(bra)'; Outlook Stable;

--Short-Term National Rating affirmed at 'F2(bra)'.

Inter

--Long-Term National Rating upgraded to 'BBB+(bra)' from 'BBB(bra)'; Outlook Positive;

--Short-Term National Rating upgraded to 'F2(bra)' from 'F3(bra)'.

Pine

--Long-Term Foreign and Local Currency IDRs affirmed at 'B+'; Outlook Negative;

--Short-Term Foreign and Local Currency IDRs affirmed at 'B';

--Viability Rating affirmed at 'b+';

--Long-Term National Rating affirmed at 'BBB+(bra)'; Outlook Negative;

--Short-Term National Rating affirmed at 'F2(bra)';

--Support Rating affirmed at '5';

--Support Rating Floor affirmed at 'No Floor'.

BS2

--Long-Term Foreign and Local Currency IDRs affirmed at 'B+'; Outlook Stable;

--Short-Term Foreign and Local Currency IDRs affirmed at 'B';

--Viability Rating affirmed at 'b+';

--Long-Term National Rating affirmed at 'BBB(bra)'; Outlook revised to Positive from Stable;

--Short-Term National Rating affirmed at 'F3(bra)';

--Support Rating affirmed at '5';

--Support Rating Floor affirmed at 'No Floor'.

Omni

--Long-Term National Rating affirmed at 'BBB(bra)'; Outlook Stable;

--Short-Term National Rating affirmed at 'F3(bra)'.

Agibank

--Long-Term National Rating affirmed at 'BBB(bra)'; Outlook Stable;

--Short-Term National Rating affirmed at 'F3(bra)'.

Original

--Long-Term Foreign and Local Currency IDRs affirmed at 'B+'; Outlook Negative;

--Short-Term Foreign and Local Currency IDRs affirmed at 'B';

--Viability Rating affirmed at 'b+';

--Long-Term National Rating affirmed at 'BBB(bra)'; Outlook Negative;

--Short-Term National Rating affirmed at 'F3(bra)';

--Support Rating affirmed at '5';

--Support Rating Floor affirmed at 'No Floor'.

Fator

--Long-Term National Rating affirmed at 'BB(bra)', Outlook Stable;

--Short-Term National Rating affirmed at 'B(bra)'.

Luso

--Long-Term National Rating affirmed at 'BB-(bra)'; Outlook Stable;

--Short-Term National Rating affirmed at 'B(bra)'.
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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Jan 21, 2019
Words:503
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