The downgraded outlook reflects a change in Fitch's view on BTG's acquisition of BSI, a private bank headquartered in Switzerland, due to the significant deterioration in Brazil's operating environment.
Fitch affirms Sura Asset Management at BBB+
April 1, 2015 by
SUAM's ratings reflect its strong credit profile based on its leading regional franchise, consistent performance, strong operating environment, diversified, stable earnings, sound leverage and debt service ratios, ample expertise and sound risk management, said Fitch.
