(The following statement was released by the rating agency) SAO PAULO, September 16 (Fitch) Fitch Ratings has upgraded Banco Industrial and Comercial S.A.’s (Bicbanco) National Ratings and resolved the Positive Rating Watch following the conclusion of its acquisition by China Construction Bank Corporation (CCBC; Fitch foreign currency long-term Issuer Default Rating of ‘A’, Outlook Stable) as follows: –Long-term National Rating to ‘AAA(bra)’ from ‘A+(bra)’, assigned Stable Outlook; –Short
Source: Financials
