Banco do Brasil 'BBB-' Credit Rating Affirmed; Outlook Stable Apr 11

Standard & Poors, April 2011

Abstract
Banco do Brasil has demonstrated adequate financial performance despite challenging operating conditions over the past four years. We are affirming our ratings on the bank. We believe Banco do Brasil's financial performance will improve because of recent acquisitions and partnership agreements. SAO PAULO (Standard & Poor's) April 5, 2011--Standard & Poor's Ratings Services said today that it affirmed its BBB-/A-3 foreign currency global scale on Banco do Brasil S.A. (BdB). At the same time, we affirmed the 'BBB-' local currency rating on the bank. The outlooks are stable. "Our rating on BdB incorporates the bank's ownership by the Federative Republic of Brazil (FC: BBB-/Stable/A-3; LC: BBB+/Stable/A-2)," said Standard & Poor's credit analyst Suzane Iamamoto. The controlling shareholder has historically demonstrated...

Companies mentioned in this report are: Banco do Brasil S.A
Action: Affirmed

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Banco do Brasil S.A

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