BRDEBanco Regional de Desenvolvimento do Extremo sul SA (Brazilian bank)
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The SRA said it would set aside the BRDE lien as a trust account specifically for the purpose of funding research, development and extension projects of the bioethanol fuel industry that shall be endorsed by the Ethanol Producers Association of the Philippines.
BRDE's IDRs and national ratings reflect the support of its controllers, the states of Parana, Santa Catarina and Rio Grande do Sul, and are matched to those of the first two, which account for two-thirds of its capital and a slightly larger share of its credits.
BRDE's ratings also reflect its importance and strategic role as a development bank in the South of Brazil.