Bradesco's Ratings Unaffected by HSBC Brazil's Acquisition

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SAO PAULO & NEW YORK--(BUSINESS WIRE)--Fitch Ratings considers the announced acquisition of HSBC Bank Brasil S.A. - Banco Multiplo (HSBC Brazil) by Banco Bradesco S.A. (Bradesco) as neutral to Bradesco's ratings. On Aug. 3, 2015, Bradesco announced it entered into a Share Purchase and Sale Agreement to acquire 100% of HSBC Brazil, taking over all operations of HSBC in Brazil. The completion of the acquisition is subject to regulatory approvals, which are expected within the next four to six mon

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