(PR-inside.com) Fitch Ratings has affirmed the following ratings for Banco Brascan S.A. (Brascan).--Foreign and Local Currency long-term Issuer Default Ratings (IDRs) at 'BB+'; Outlook Stable; --Foreign and Local Currency short-term IDRs at 'B'; --Individual Rating at 'D'; --Viability Rating at 'b+'; --Support Rating at '3'; --National long-term rating at 'AA-(bra)'; Outlook Stable; --National short-term rating at 'F1+(bra)'.The affirmation of Brascan's IDRs and National ratings reflects the support of its controlling shareholder, Brookfield Asset Management (BAM; rated with an IDR of 'BBB', Stable Outlook by Fitch). Brazil is a strategic market for BAM, and the activities ..
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