(The following statement was released by the rating agency)
NEW YORK, July 06 (Fitch) Fitch Ratings has affirmed the
Long-Term Foreign and
Local Currency Issuer Default Ratings (IDRs) of Banco Pine S.A.
'BB-'/Outlook Negative. Fitch also affirmed the bank's other
ratings. A complete
list of rating actions is included at the end of this release.
KEY RATING DRIVERS
The affirmation of Pine's ratings reflects Fitch's view that
taken the appropriate measures to strengthe