- Language: English
- Published: October 2012
- Region: Brazil
Research Update: Ratings On Banco Santander (Brasil) S.A. On CreditWatch Positive After Brazil Raised To ?BBB? Nov 11
- Published: November 2011
- Region: Brazil
- Standard & Poors
On Nov. 17, 2011, the long-term foreign currency sovereign credit rating on Brazil was raised to 'BBB'. We are placing the global scale ratings on Banco Santander (Brasil) on CreditWatch with positive implications following the rating change on the sovereign, as we are assessing its impact on Banco Santander (Brasil)'s creditworthiness under the financial institutions' new criteria (Banks: Rating Methodology & Assumptions, Nov. 9, 2011). On Nov. 17, 2011, Standard & Poor's Ratings Services placed its 'BBB-/A-3' global scale ratings on Banco Santander (Brasil) on CreditWatch with positive implications. The rating action on Banco Santander (Brasil) followed our Nov. 17, 2011, raising of the issuer credit ratings on the Federative Republic of Brazil to 'BBB/A-3', with a stable outlook. The...
Companies mentioned in this report are: Banco Santander (Brasil) S.A.
Action: On CreditWatch:Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Banco Santander (Brasil) S.A.