EFTA01474552.pdf

Subject: FW: Brazil Cut to Junk by SIP (C) From: Daniel Sabba a Date: Wed, 09 Sep 2015 18:22:49 -0400 To: Jeffrey E. <jeevacationegmail.com> Cc: Vahe Stepanian < >1 Ariane Dwyer a, Paul Morris < >, Vahe Stepania >, Todd Stevens Richard Kahn Classification: Confidential Jeffrey - please see below. This has been prepared solely for informational purposes. It is not an offer, recommendation or soli citation to buy or sell, nor is it an official confirmation of terms. It is based on information gen erally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions ma y have a material impact on any returns detailed. Past performance is not indicative of future retur ns. Price and availability are subject to change without notice. Additional information is available upon request. BN 09/09 21:52 *BRAZIL CUT TO JUNK BY S&P BN 09/09 21:51 *S&P: BRAZIL (FEDERATIVE REPUBLIC OF) TO BB+/NEGATIVE FROM BBB-/ Brazil Cut to Junk by S&P 2015-09-09 21:53:08.24 GMT By Ryan Lovdahl (Bloomberg) -- Outlook negative. Link to Company News:(1323Z BZ <Equity> CN <GO>) For Related News and Information: First Word scrolling panel: (FIRST<GO>) First Word newswire: (NH BFW<GO>) To contact the editor responsible for this story: Ryan Lovdahl at +1-212-617-6282 or rlovdahl8bloomberg.net This communication may contain confidential and/or privileged information. If you are not the intend ed recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communicati on should not be regarded as such. EFTA01474552