25 de noviembre de 2015 / 16:58 / en 2 años

Moody's says BTG Pactual CEO's absence could hurt credit rating

SAO PAULO, Nov 25 (Reuters) - The credit rating of Brazilian investment bank BTG Pactual SA could suffer if its chief executive is forced into a prolonged absence, Alcir Freitas, a senior bank analyst at Moody’s Investor Services said in a statement on Wednesday.

Earlier in the day, police arrested André Esteves, the bank’s billionaire CEO and controlling shareholder, on suspicion of obstructing justice in a sweeping corruption investigation. Court representatives said Esteves had been arrested temporarily for five days, with a potential extension of five days. (Reporting by Aluisio Alves; Editing by Chizu Nomiyama)

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