HSBC Bank Brasil S.A. - Banco Multiplo -- Moody's downgrades HSBC Brazil's deposit rating; maintains review for further downgrade

New York, August 21, 2015 -- Moody's Investors Service has downgraded HSBC Bank Brasil S.A. -- Banco Múltiplo's (HSBC Brazil) long-term and short-term global local currency deposit ratings to Baa1 from A2 and to Prime-2 from Prime-1. In addition, the adjusted baseline credit assessment (BCA) was downgraded to baa1 from a2 and the long- and short-term counterparty risk (CR) assessments were downgraded to A3(cr) from A1(cr) and to Prime-2(cr) from Prime-1(cr). The ratings and assessments, which were placed under review for downgrade on 5 August 2015, remain under review for further downgrade.

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