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Banco do Brasil S.A Dec 04
Standard & Poors, Dec 2004
Abstract
Demonstrated support and commitment from shareholder Competitive position in private sector-related operations Exposure to sovereign and economic risks in Brazil Low intrinsic quality of capital base The local currency counterparty credit rating on Banco do Brasil S.A. reflects the weak intrinsic quality of the bank's capital base (although this has been improving), its direct exposure to sovereign credit risk in the form of marketable securities, and Standard & Poor's Ratings Services' assessment of high economic risks within the Brazilian banking industry. On the positive side, the rating incorporates the firm commitment and support demonstrated by the Federative Republic of Brazil; the increasing competitiveness by Banco do Brasil in private-sector-related operations while keeping its public sector mission; and its strong franchise...
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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