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Bank Industry Risk Analysis: Federative Republic of Brazil Nov 01
Standard & Poors, Nov 2001
Abstract
The Brazilian financial system benefits from the size and potential of the country's economy and has the long-term potential to become Latin America's strongest. Brazil has some of the most resilient banks in the region. They are well automated, well capitalized, and profitable. Nevertheless, broadly in line with other Latin American countries, the operating environment continues to pose relevant challenges. Significant improvements have been observed in the Brazilian financial system in recent years. In Standard & Poor's opinion, the Brazilian industry's risks are currently better than those of most other Latin American countries (except Chile). In fact, there has been an important change in approach by the Central Bank, moving from immediate responses to monetary policy needs to a conscious...
Companies mentioned in this report are: Banco Santander S.A.,Banco Bradesco S.A.,Unibanco-Uniao de Bancos Brasileiros, S.A.,Banco Nacional de Desenvolvimento Economico e Social,Itau Unibanco Holding S.A.,Banco do Nordeste do Brasil S.A.,Banco do Brasil S.A,Banco do Estado de Sao Paulo S.A.
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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