Fitch Negative on Banco KDB

Fitch Negative on Banco KDB

Fitch has placed the BBB ratings of Sao Paulo-based Banco KDB do Brasil watch negative to reflect concerns about continued deterioration in capitalization. The agency is also concerned about delays in action by parent Korean Development Bank (rated A+/F1 with a stable outlook) to address its Brazilian subsidiary's breach of local capital regulations. Fitch says it understands that the bank is in ongoing discussions with the Brazilian central bank about alternative approaches for addressing the b

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