Banco do Brasil S.A. Apr 10
- ID: 1834081
- April 2010
- Region: Brazil
- Standard & Poors
Demonstrated support and commitment from shareholder Good competitive position in private-sector-related operations Extensive distribution network and ample access to low-cost funding Sound liquidity Exposure to sovereign credit risk and economic risks in Brazil Worse quality of capital base than at private-sector banks The ratings on Banco do Brasil S.A. (BdB) reflect its franchise, the strength of its stand-alone credit profile, which we assess as equivalent to 'BBB-', and the strong ties to its ultimate shareholder, the Federative Republic of Brazil (foreign currency: BBB-/Stable/A-3; local currency: BBB+/Stable/A-2; national scale: brAAA/Stable/--). The controlling shareholder has historically demonstrated financial support and commitment to BdB while influencing the bank's strategic direction. The bank benefits from a strong competitive position as the largest bank in...
Companies mentioned in this report are:
- Banco do Brasil S.A
- Banco Patagonia S.A.
- Banco Votorantim S.A.
- Ativos S.A. Securitizadora de Creditos Financeiros
- Brazil (Federative Republic of)
- Banco Nacional de Desenvolvimento Economico e Social
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