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Banco Espirito Santo SA informs on rating actions from Standard & Poor’s


Wednesday, 13 Aug 2014 09:24am EDT 

Banco Espirito Santo SA (BES):Says Standard & Poor’s (S&P) revised BES’ longterm counterparty credit rating from B- to CC and maintained it on CreditWatch negative.Furthermore, S&P revised the ratings on BES’ nondeferrable subordinated debt and other hybrid instruments from CCC- to C.