Showing posts with label Panamericano. Show all posts
Showing posts with label Panamericano. Show all posts

Thursday, December 9, 2010

Panamericano Posts Biggest Two-Day Drop Since Probe After Reserves Lifted

Banco Cruzeiro do Sul SA sank 2.3 percent to 14.75 reais. Moody’s Investors Service cut their outlook on their Ba ratings to negative from stable for four Brazilian banks -- Banco BMG SA, Banco Cruzeiro do Sul, Banco Bonsucesso SA and Banco Schahin SA. Profits may be hurt after capital requirements were increased for long-term vehicle financing and loans deducted from payroll income, Moody’s wrote.