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Research Update: BES Investimento do Brasil Ratings Placed On CreditWatch Negative Feb 11 Product Image

Research Update: BES Investimento do Brasil Ratings Placed On CreditWatch Negative Feb 11

  • Published: February 2011
  • Standard & Poors

FEATURED COMPANIES

  • Banco Espirito Santo S.A.
  • Portugal (Republic of)
  • MORE

Abstract
We are placing our 'BBB-' long-term and 'A-3' short-term global scale credit ratings and 'brAAA' long-term and 'brA-1' short-term national scale credit ratings on BESI Brasil on CreditWatch with negative implications. This action follows our placement of our ratings on BESI Brasil's parent companies on CreditWatch on Dec. 3, 2010, with negative implications, which followed the same action on the Republic of Portugal. The negative implications reflect the potential for a Portugal sovereign downgrade and the consequent impact on BESI Brasil parents' creditworthiness. On Feb. 17, 2011, Standard & Poor's Ratings Services placed its global scale 'BBB-' long-term and 'A-3' short-term, and 'brAAA' long-term and 'brA-1' short-term national scale credit ratings on BES Investimento do Brasil (BESI Brasil) on CreditWatch...

Companies mentioned in this report are:
- BES Investimento do Brasil
- Portugal (Republic of)
- Banco Espirito Santo S.A.
- Banco Espirito Santo de Investimento S.A.

Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- BES Investimento do Brasil
- Portugal (Republic of)
- Banco Espirito Santo S.A.
- Banco Espirito Santo de Investimento S.A.

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