|
|
 |
|
Viewing report
|
|
|
|
Banco Votorantim S.A. Rating Affirmed At 'BB+/B'; Outlook Stable May 09
Standard & Poors, May 2009
Abstract
-- The bank's partnership with Banco do Brasil supports the current rating. -- We affirmed our global and national scale ratings on Banco Votorantim S.A. -- We expect the bank to be able to sustain its positive financial measures. SAO PAULO (Standard & Poor's) May 11, 2009--Standard & Poor's Ratings Services said today that it affirmed its 'BB+/B' global scale counterparty credit rating and its 'brAA+/brA-1' Brazil national scale rating on Banco Votorantim S.A. The ratings on Banco Votorantim S.A. incorporate the challenges it 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....
Companies mentioned in this report are: Banco Votorantim S.A.,Banco do Brasil S.A
Action: Affirmed
Action: Outlook: Stable
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.
|
|
|
|
