New York, September 22, 2015 -- Moody's Investors Service has withdrawn all ratings assigned to Banco Indusval (BI&P), including the long and short-term local and foreign currency deposit ratings of B2 and Not Prime, respectively, as well as the Brazilian national scale deposit ratings of Ba2.br and BR-4, for long and short-term. Moody's has also withdrawn its b2 baseline credit assessment and the counterparty risk assessment of B1(cr) and NP(cr) assigned to BI&P. Before the withdrawal, the outlook on all ratings was negative.

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