RIO DE JANEIRO & SAO PAULO--(BUSINESS WIRE)--Fitch Ratings has today assigned the following ratings to Desenvolve SP - Agencia de Fomento do Estado de Sao Paulo (Desenvolve SP): --Foreign Currency Long-Term Issuer Default Rating (IDR) 'BBB'; Outlook Negative; --Local Currency Long-Term IDR 'BBB'; Outlook Negative; --Foreign Currency Short-Term IDR 'F2'; --Local Currency Short-Term IDR 'F2'; --Long-Term National Rating 'AA+(bra)'; Outlook Stable; --Short-Term National Rating 'F1+(bra)'; --Suppor