Fitch revises Sul America view to negative

Fitch Ratings said it revised the outlook to negative from stable and affirmed Sul America SA's (SASA) long-term local- and foreign-currency issuer default ratings at BB- and long-term national rating at AA-(bra).

Fitch revised the outlook to reflect the economic uncertainties relating to the pandemic, which also reflect the direct influence and high importance of Brazil's negative outlook on the insurance industry profile and the company, the agency said.

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