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Banco Votorantim S.A. 'BB+/B' Ratings Affirmed; Outlook Remains Stable Apr 11
Standard & Poors, April 2011
Abstract
Brazilian bank Banco Votorantim has shown strong growth in its key markets, supported by brand recognition, efficient processes, and a better funding profile after the association with Banco do Brasil. We are affirming our 'BB+/B' global scale counterparty credit ratings and our 'brAA+/brA-1' Brazil national scale ratings on Banco Votorantim. The outlook remains stable, reflecting our expectation that the bank will improve operating efficiency and post returns on assets more in line with peers'. SAO PAULO (Standard & Poor's) April 1, 2011--Standard & Poor's Ratings Services today said it affirmed its 'BB+/B' global scale counterparty credit ratings and 'brAA+/brA-1' Brazil national scale ratings on Banco Votorantim S.A. (BV). The outlook remains stable. 'The ratings on BV reflect the bank's somewhat...
Companies mentioned in this report are: Banco Votorantim S.A.,Banco do Brasil S.A
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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