New York, April 25, 2014 -- Moody's Investors Service today upgraded Banco Bandes Uruguay S.A.'s (Bandes Uruguay) bank financial strength rating (BFSR) to E+ from E, reassessing its baseline credit assessment (BCA) to b3 from caa1. At the same time, Moody's affirmed the bank's local and foreign currency deposits ratings at B3 and Not Prime, as well as the Baa3.uy local and foreign currency deposit ratings in Uruguay's national scale.
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