Moody's may downgrade subsidiaries of Portuguese banks

NEW YORK, June 15 Wed Jun 15, 2011 11:51am EDT

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NEW YORK, June 15 (Reuters) - Moody's Investors Service on Wednesday placed the ratings of some subsiaries of Portuguese banks in Brazil on review for a possible downgrade.

The subsidiaries are: BES Investimento do Brasil S.A. (BESI Brasil), Banif - Banco Internacional do Funchal S.A. (Banif Brasil), and Banif Banco de Investimento S.A. (Banif Investimento).

(Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)