- Language: English
- Published: May 2013
- Region: Brazil
Summary: Banco Indusval S.A.
- Published: April 2007
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services' ratings on Banco Indusval S.A. (Indusval) reflect the challenge of searching for a lower cost and diversified funding base and to gain scale to minimize the pressure on the bank's profitability, given reduced spreads. These credit risk factors are partially offset by Indusval's good position as a niche bank in the middle-market segment, relying on the agility of its decision-making process and strong business knowledge; its good track record regarding credit quality, which is supported by the bank's expertise in using receivables as collateral; and the bank's strong liquidity position and good profitability. With Brazilian reais (R$) 1.1 billion ($477 million) of total assets as of December 2006, Indusval is a small Brazilian bank that...
Companies mentioned in this report are: Banco Indusval S.A.,HSBC Bank Brasil S.A.
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Banco Indusval S.A.,HSBC Bank Brasil S.A.