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Banco Votorantim S.A. May 09
Standard & Poors, May 2009
Abstract
Support of its shareholders Strong brand name and track record Experienced management team, and agile decision making Challenging competitive environment, especially in the lower-margin wholesale banking segment Possible deterioration in the asset quality of its auto loan portfolio in a more negative economic environment The ratings on Banco Votorantim S.A. incorporate the challenges the bank faces in the very competitive, lower-margin wholesale banking segment, and possible deterioration in the asset quality of its auto loan portfolio in a more negative economic environment. This follows a long period of healthy growth. The rating benefits from the support of its shareholders, the bank's strong brand name and track record, its experienced management team, and agile decision making. The strategic partnership with Banco...
Companies mentioned in this report are: Banco Votorantim S.A.,Votorantim Participacoes S.A.,Votorantim Financas S.A.,BV Leasing Arrendamento Mercantil S.A.,St. Marys Cement Inc.,VCNA Nova Scotia ULC,Votorantim Cimentos North America Inc.
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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