Sao Paulo, July 05, 2013 -- Moody's América Latina has today placed on review for possible downgrade all ratings assigned to BIC -- Arrendamento Mercantil S.A., including the long-term global local-currency issuer rating of Baa3, the long-term Brazilian national scale issuer rating of Aa1.br, the long-term global local currency subordinated debt rating of Ba1 and the long-term Brazilian national scale subordinated debt rating of Aa2.br.

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