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Viewing report
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Banco Citibank S.A. Jul 03
Standard & Poors, July 2003
Abstract
Ownership affiliation and implicit support from parent Strong brand and long track record in the Brazilian market Good financial profile, with above-average asset quality for local standards Economic risks intrinsic to the Brazilian financial system Limited branch network for retail market operations The rating on Banco Citibank S.A. (Citi) is supported by a strong brand name, competent management, long track record in the Brazilian wholesale market, above-average asset quality, and good profitability. The rating also benefits from having Citigroup Inc. (AA-/Stable/A-1+) as shareholder. Offsetting these positive factors is the intrinsic economic risk for the bank in operating under the Brazilian financial system. Citi's business profile incorporates the benefits from its brand-name recognition and its integration to the parent company in...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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