Rating Action: Moody's affirms Banco Mizuho do Brasil's ratings, outlook stable Global Credit Research - 16 Dec 2020 New York, December 16, 2020 -- Moody's Investors Service, ("Moody's") has today affirmed all ratings and assessments of Banco Mizuho do Brasil S.A.'s (Mizuho Brazil), including the long-term global local and foreign currency deposit ratings at Baa3, the long-term global local and foreign currency counterparty risk ratings at Baa3 and the long-term counterparty risk (CR) assessment at Baa3(cr). Moody's also affirmed Mizuho Brazil's baseline credit assessment (BCA) at ba3, and adjusted baseline credit assessment (BCA) at baa3, which incorporates Moody's assessment of very high likelihood of support by the parent company, Mizuho Bank, Ltd. (A1 stable).