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Banco do Brasil S.A. Sep 11
Standard & Poors, Sep 2011
Abstract
Demonstrated support and commitment from shareholder Strong market position as the largest bank in Latin America Extensive distribution network and ample access to low-cost funding Sound liquidity Exposure to sovereign credit risk and economic risks in Brazil Lower capitalization than peers and a capital base that is comparatively worse than at private-sector banks Profitability below that of its peers Standard & Poor's Ratings Services' ratings on Banco do Brasil S.A. (BdB) incorporate the bank's ownership by the Federative Republic of Brazil (foreign currency: BBB-/Positive/A-3; local currency: BBB+/Positive/A-2). The controlling shareholder historically has demonstrated financial support and commitment to the strength of BdB's franchise while influencing the bank's strategic direction. The bank benefits from a strong competitive position as the largest...
Companies mentioned in this report are: Banco do Brasil S.A,Brazil (Federative Republic of),Banco Patagonia S.A.,Banco Votorantim S.A.,Banco Nossa Caixa S.A.,Ativos S.A. Securitizadora de Creditos Financeiros
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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