Moody’s Downgrades Brazilian and Mexican Giant Financial Institutes

Continuing with its strategy to Globally review Financial Institutions, Moody’s has downgraded 11 Financial Institutions up to three notches. The main reason of this evaluation is related to their exposure to public debts

Affected banks include, but is not limited to, giants such as BRADESCO, Banco do Brasil, Banco Itau and Santander.

http://www.moodys.com/research/Moodys-reviews-Mexican-and-Brazilian-banking-and-insurance-groups-for--PR_238792