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Banco do Brasil S.A. Oct 03
Standard & Poors, Oct 2003
Abstract
(Editor's note: The version of this analysis published Sept. 22, 2003, contained an incorrect nonperforming loans-to-total loans ratio for the bank. A corrected version follows.) Demonstrated support and commitment from shareholder Competitive position in private sector-related operations Exposure to sovereign and economic risks Low intrinsic quality of capital base The ratings on Banco do Brasil S.A. reflect the bank's public-sector policy and increasing competitiveness in private-sector-related operations, its strong franchise, and its extensive branch network. In addition, the ratings consider the Brazilian government's firm commitment to and demonstrated support of the bank. Offsetting these positive factors are the still-short track record in asset quality following major improvements in recent years, the weak quality of the bank's capital base, and Standard...
Companies mentioned in this report are: Banco do Brasil S.A
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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