São Paulo – This Monday (6th), the credit rating agency Fitch kept the rating of Brazilian banks. The company said, in a press release, that the banking institutions had a good performance in Q4 of 2014 and that their economic indicators were good.
However, the agency expects a difficult year for the financial sector. In their assessment, the banking sector will face higher costs due to economic environment, but the losses will be manageable. Fitch is one of the three main credit rating agencies of companies and countries, along with Moody’s and Standard & Poor’s.
*Translated by Sérgio Kakitani
