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Stabilized Brazilian Bank Loan Credit Quality Should Put Fears Of A Bubble To Rest Aug 11
Standard & Poors, August 2011
Brazil has vaulted into the global spotlight in recent years, and not just because it'll host the World Cup in 2014 and Olympics in 2016. Along with its newfound prestige has come a spurt in economic growth, which has averaged nearly 5% annually in recent years?enough to bump up 30 million Brazilians into the middle class and thus provide them access to banking services and consumer credit, nearly doubling the consumer credit to GDP ratio since 2001. Such strong domestic demand and rapid growth can raise red flags, however, leaving one to wonder whether Brazil has come too far, too fast?and if such abundance has created an asset and/or credit bubble along the way. These are reasonable concerns given the...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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- Banco do Estado de Sao Paulo S.A.
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- L.F. TEL S.A.
- Banco Mercantil Do Brasil S.A.
- Banco Indusval & Partners S.A.
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- Parana Banco S.A
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- Banco Cruzeiro do Sul S.A.
- Banco IBI S.A. - Banco Multiplo
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- Banco BNP Paribas Brasil S.A.
- Banco Nossa Caixa S.A.
- BES Investimento do Brasil