Fitch Revises Bradesco's Rating Outlook to Stable; Affirms IDRs at BB+
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Fitch Ratings has revised Banco Bradesco S.A.'s (Bradesco) Long-and Short-Term Local and Foreign Currency Issuer Default Ratings (IDRs) outlook to Stable from Negative, affirming the IDRs at 'BB+' and 'B'. The revision reflects Bradesco's improved financial profile, profitability, and asset quality. Bradesco's Viability Rating (VR) is affirmed at 'bb+', Government Support Rating (GSR) at 'bb-', and National Long-Term rating at 'AAA(bra)' with a Stable Outlook. The bank's strong business profile, diversified revenue streams, and strategic adjustments have contributed to its resilience and improved performance.
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