Home / Daily Briefs / 2016 / Moody's cuts CCB Brazil Leasing

Moody's cuts CCB Brazil Leasing

Moody's cuts CCB Brazil Leasing

December 22, 2016 | Peter Agra
Brazilian firm's downgrade comes after parent company's rating is revised

Brazil Corporate & Sovereign Strategy

Moody's said it has downgraded CCB Brazil Leasing's long-term global rating to Ba1 from Baa3, while its local rating was maintained at Aaa. The downgrade comes as parent company China Construction Bank was also cut a notch after recording a first hal

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