Notice to the Market Fitch Ratings Raises BRMALLS' Corporate Credit Outlook Rio de Janeiro, November 25th, 2014 - BR MALLS PARTICIPAÇÕES S.A., a publicly held company headquartered at Avenida Borges de Medeiros n° 633, 1st floor in the city and state of Rio de Janeiro ("BRMALLS"), announces that Fitch Ratings revised its corporate credit outlook from "stable" to "positive" while reaffirming the BB+ Issuer Default Rating (IDR) in local and foreign currency, including the perpetual notes and the AA rating on a long-term national scale including the local debentures.

ABOUT BRMALLS

BRMALLS is the largest integrated mall company in Brazil, with a portfolio of 49 malls, comprising 1,702.3 m² of GLA and 1,001.2 m² of owned GLA. BRMALLS is the only shopping mall company in Brazil with nationwide presence and targeting all income segments.
distributed by