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HSBC Bank Brasil S.A. Aug 10

  • ID: 1782767
  • August 2010
  • Region: Brazil
  • Standard & Poors

FEATURED COMPANIES

  • Banistmo S.A.
  • HSBC Bank (Taiwan) Ltd.
  • HSBC Bank Australia Ltd.
  • HSBC Bank Brasil S.A.
  • HSBC Bank PLC
  • HSBC Financial Corp. Ltd.
  • MORE

Abstract
Well-established, diverse franchise in Brazil; High integration and support from shareholders; and Good liquidity allows the company to withstand a volatile economic environment. Asset quality deterioration as a result of adverse economic conditions; Challenge to improve its profitability despite competitive pressures; and Intrinsic economic risks in the Brazilian financial system. The ratings on HSBC Bank Brasil S.A. (HSBC Brasil) reflect Standard & Poor's Ratings Services' view of the bank's stand-alone credit profile (SACP), which we assess as equivalent to 'BB+', plus one notch of elevation. This one notch reflects our view of HSBC Brasil as a strategically important subsidiary of HSBC Holdings PLC (AA-/Stable/A-1+). The SACP on HSBC Brasil reflects the bank's challenges of operating in a very competitive environment...

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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Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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