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Banco Votorantim S.A. Oct 11
Standard & Poors, Oct 2011
Abstract
Strong brand name recognition and good competitive position in auto financing Experienced management team and agile decision-making process Strategic partnership through Banco do Brasil's acquisition of a 50% stake Weaker profitability than the peer average Strong competition in Brazil, pressuring profitability The ratings on Banco Votorantim S.A. (BV) reflect the bank's strong position in auto financing and experienced management team. Its strong brand name, coupled with a strategic partnership and with and part ownership by Banco do Brasil S.A. (BdB), bring intrinsic benefits. Counterbalancing these strengths are the bank's lower profitability and the pressure on this from strong competition in the Brazilian banking sector. BV is ranked as the seventh-largest bank in total assets among Brazilian banks (excluding Banco Nacional...
Companies mentioned in this report are: Banco Votorantim S.A.,Votorantim Participacoes S.A.,Banco do Brasil S.A,Votorantim Financas S.A.,BV Leasing Arrendamento Mercantil S.A.,St. Marys Cement Inc.,Votorantim Asset Management DTVM Ltda.,Votorantim Cement North America Inc.
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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