Banco BMG Goes the Way of Midcap Peers

Banco BMG Goes the Way of Midcap Peers

Brazil

Banco BMG is the third Brazilian midcap bank to be downgraded by Moody’s in as many days. The bank’s rating was lowered to Ba2 from Ba1 and the outlook is stable, according to Moody’s, which last week indicated it would be lowering the ratings of

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