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Fitch Withdraws Banco Do Nordeste's Viability Rating

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SAO PAULO--(BUSINESS WIRE)--

Fitch Ratings today withdrew the Viability Rating (VR) of 'bb-' assigned to Banco do Nordeste do Brasil (BNB). This action follows the application of 'Viability Ratings: An Introductory Primer' which states that public mission banks typically are not assigned VRs.

The other ratings of BNB are unaffected and are as follows:

--Foreign and local currency long-term Issuer Default Ratings (IDRs) 'BBB'; Outlook Stable;

--Foreign and local currency short-term IDRs 'F2';

--Support Rating '2';

--Support Rating Floor 'BBB';

--National long-term rating 'AAA (bra)', Outlook Stable;

--National short-term rating 'F1+ (bra)'.

Additional information available at 'www.fitchratings.com' or 'www.fitchratings.com.br'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Financial Institutions Rating Criteria', dated Aug. 15, 2012.

--'Viability Ratings: An Introductory Primer', dated July 20, 2011.

--'Banco do Nordeste do Brasil S.A. ', Full Rating Report dated June 6, 2012.

Applicable Criteria and Related Research:

Global Financial Institutions Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686181

Viability Ratings: An Introductory Primer

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=645609

Banco do Nordeste do Brasil S.A. -- Amended

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681335

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Fitch Ratings
Primary Analyst
Paulo Fugulin, +55 - 11 - 4504-2206
Associate Director
Fitch Ratings Brasil Ltda.
Alameda Santos, 700 - 7th floor
Sao Paulo, SP, Brazil
or
Secondary analyst:
Eduardo Ribas, +55 - 11 - 4504-2213
Associate Director
or
Committee Chairperson:
Ed Thompson, +1 212-908-0364
Senior Director
or
Media Relations:
Jaqueline Carvalho, +55 21 4503 2623, Rio de Janeiro
Email: jaqueline.carvalho@fitchratings.com
or
Elizabeth Fogerty, +1 212-908-0526, New York
Email: elizabeth.fogerty@fitchratings.com

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