Fitch Affirms Ratings for 4 Brazilian Non-Bank Financial Institutions

October 1, 2015 5:32 PM EDT

SAO PAULO & RIO DE JANEIRO--(BUSINESS WIRE)-- Fitch Ratings has reviewed and affirmed the ratings of the following Brazilian non-bank financial institutions:

--Companhia Brasileira de Securitizacao (Cibrasec)

--Companhia Hipotecaria Brasileira S.A.'s (CHB)

--Dacasa Financeira S.A. - Sociedade de Credito, Financiamento e Investimento (Dacasa)

--Omni S.A. Credito, Financiamento e Investimento (Omni)

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

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

Fitch has affirmed the following ratings:

Cibrasec

--Long-term national rating at 'A+(bra)'; Outlook Stable.

CHB

--Long-term national rating at 'B(bra)'; Outlook Stable;

--Short-term national rating at 'B(bra)'.

Dacasa

--Long-term national rating at 'BB+(bra)'; Outlook Stable;

--Short-term national rating at 'F1+(bra)'.

Omni

--Long-term foreign and local currency IDRs at 'B'; Outlook Stable;

--Short-term foreign and local currency IDRs at 'B';

--Support Rating at '5';

--National Long-term rating at 'BBB(bra)'; Outlook Stable;

--National short-term rating at 'F3(bra)'.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Claudio Gallina (Primary: Cibrasec)
Senior Director
+55-11-4504-2216
Fitch Ratings Brasil Ltda.
Alameda Santos, 700
Cerqueira Cesar, Sao Paulo, Brasil
or
Jean Lopes (Primary: CHB / Secundary: Cibrasec, Dacasa and Omni)
Director
+55-21-4503-2617
or
Pedro Carvalho (Primary: Dacasa)
Analyst
+55-21-4503-2602
or
Robert Stoll (Primary: Omni)
Director
+1-212-908-9155
or
Raphael Nascimento (Secondary: CHB)
Associate Director
+55-11-3957-3664
or
Committee Chairperson
Alejandro Garcia, CFA
Senior Director
+1-818-399-9146
or
Fitch Ratings, New York
Alyssa Castelli, +1-212-908-0540
[email protected]

Source: Fitch Ratings



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