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Banco do Brasil S.A Oct 02
Standard & Poors, Oct 2002
Abstract
The ratings on Banco do Brasil S.A. reflect the bank's public-sector policy combined with its competitiveness in private-sector-related operations, its strong franchise, and extensive branch network. In addition, the rating considers the Brazilian government's firm commitment to and demonstrated track record in supporting the bank. Offsetting these positive factors are historically problematic asset quality, its low efficiency and profitability, and Standard & Poor's assessment of the high economic risk of the Brazilian financial system, including the direct exposure to government risk in the form of marketable securities. The Brazilian government's firm commitment to Banco do Brasil and its demonstrated record of support for the bank are major factors in the ratings. Banco do Brasil is the nation's largest financial institution,...
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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