|
|
 |
|
Viewing report
|
|
|
|
Banco do Brasil S.A. 'BBB-' Rating Affirmed; Outlook Stable Mar 10
Standard & Poors, March 2010
Abstract
Brazilian bank Banco do Brasil showed adequate financial performance during a challenging year. We are affirming our ratings on the bank. We believe Banco do Brasil's financial performance will improve in 2010. SAO PAULO (Standard & Poor's) March 12, 2010--Standard & Poor's Ratings Services said today that it affirmed its foreign-currency counterparty credit rating on Banco do Brasil S.A. (BdB) at 'BBB-/A-3'. At the same time, we affirmed the 'BBB-' long-term local-currency corporate credit rating. The outlook is stable. Our ratings on BdB reflect its franchise, the strength of its stand-alone credit profile, and the strong ties to its ultimate shareholder, the Federative Republic of Brazil (FC: BBB-/Stable/A-3; LC: BBB+/Stable/A-2; NS: brAAA/Stable/--). The controlling shareholder has historically demonstrated financial support...
Companies mentioned in this report are: 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.
|
|
|
|
