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Rio de Janeiro (City Of) Short-Term Rating Raised To 'A-2' From 'A-3' On Similar Rating Action On Sovereign Jul 12 Product Image

Rio de Janeiro (City Of) Short-Term Rating Raised To 'A-2' From 'A-3' On Similar Rating Action On Sovereign Jul 12

  • Published: July 2012
  • Standard & Poors

FEATURED COMPANIES

  • Rio de Janeiro (City of)
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Abstract
BUENOS AIRES (Standard & Poor's) July 13, 2012--Standard & Poor's Ratings Services said today that it raised its short-term global scale rating on the City of Rio de Janeiro to 'A-2' from 'A-3', following a similar rating action on Brazil (foreign currency rating BBB/Stable/A-2; local currency rating A-/Stable/A-2). The long-term global scale rating and rating outlook on Rio de Janeiro remain the same. The upgrade does not reflect an improvement in our view of the city's short-term creditworthiness. The rating action on the city mirrors the rating action on the short-term foreign currency rating on Brazil (see "Brazil Short-Term Foreign Currency Rating Raised To 'A-2' On Criteria Change; Long-Term Rating Affirmed; Outlook Stable," published July 9, 2012, on RatingsDirect on...

Companies mentioned in this report are:
- Rio de Janeiro (City of)
- Brazil (Federative Republic of)

Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- Rio de Janeiro (City of)
- Brazil (Federative Republic of)

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