Sao Paulo, February 26, 2016 -- Moody's America Latina Ltda. has downgraded to Ba2 from Ba1 (global scale, local currency) and affirmed the Aa2.br (national scale) ratings of the 97th, 98th and 99th series of the 1st issuance real estate certificates (CRI) issued by RB Capital Companhia de Securitização (RB Capital, the Issuer or the Securitizadora).

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