Moody's rates Banco BTG Pactual notes Baa3

Moody's Investors Service said it assigned a Baa3 foreign currency senior unsecured debt rating to the proposed senior unsecured notes to be issued through Banco BTG Pactual SA Cayman Branch under its existing global medium- term note program.

The outlook is stable.

Moody's said the Baa3 foreign currency senior debt rating derives from Banco BTG Pactual's Baa3 global local currency deposit rating. At this rating level, the issuer's foreign currency bond rating is not constrained by Brazil's Baa1 country ceiling.

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