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Banco Votorantim S.A. Dec 07
Standard & Poors, Dec 2007
Abstract
Implicit support from the Votorantim Group Strong brand-name recognition and good position in the auto finance market Experienced management team, efficient decision-making processes Vulnerable to deteriorating asset quality in a less-favorable economic environment due to rapid loan growth Potential risks associated with the bank's treasury business Strong competition in its core business Standard & Poor's Ratings Services' ratings on Banco Votorantim S.A. incorporate the bank's rapid loan growth, which increases its vulnerability to deteriorating asset quality in a less-favorable economic environment; the potential risks associated with the bank's treasury business; and the strong competition in its core business. The rating benefits from the implicit support of the Votorantim Group (Votorantim Participacoes S.A.; BBB/Stable/--); the group's strong brand name and good...
Companies mentioned in this report are: Banco Votorantim S.A.,Votorantim Participacoes S.A.,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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