(The following statement was released by the rating agency)
NEW YORK/SAO PAULO, July 21 (Fitch) Fitch Ratings has affirmed
and withdrawn its
ratings for Banco Votorantim S.A. (Votorantim) at 'BB-'/Negative
Outlook, and BV
Leasing - Arrendamento Mercantil S.A.s (BV Leasing) issuance at
'A+(bra)'. See
a full list of rating actions at the end of this release.
Fitch is withdrawing the ratings as Votorantim and BV Leasing
have chosen to
stop participating in the rating process. Fitch will no lo
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