(The following statement was released by the rating agency)
RIO DE JANEIRO, September 21 (Fitch) Fitch Ratings has
downgraded Agencia de
Fomento do Estado do Rio de Janeiro S.A.'s (AgeRio) Long-Term
Local and Foreign
Currency Issuer Default Ratings (IDRs) to 'C' from 'B-' and
Long-Term National
Ratings to 'C(bra)' from 'BB-(bra)'. A full list of rating
actions follows at
the end of this release.
KEY RATING DRIVERS - IDRS, NATIONAL RATINGS, SUPPORT RATINGS
The rating action mirrors the recent
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