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Fitch Downgrades AgeRio's Ratings to 'BB+' Following Action on Parent; Outlook Negative

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RIO DE JANEIRO--(BUSINESS WIRE)--Fitch Ratings has downgraded Agencia de Fomento do Estado do Rio de Janeiro S.A.'s (AgeRio) long- and short-term local and foreign currency Issuer Default Ratings (IDRs), long- and short-term National Ratings and Support Rating. The Rating Outlook on the long-term IDRs and National Rating is Negative. A full list of rating actions follows at the end of the release. KEY RATING DRIVERS - IDRS, NATIONAL RATINGS, SUPPORT RATINGS The rating action mirrors the recent