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Banco Do Brasil S.A. Rating Affirmed At 'BB'; Outlook Stable Oct 06
Standard & Poors, Oct 2006
Abstract
NEW YORK (Standard & Poor's) Oct. 3, 2006--Standard & Poor's Ratings Services said today that it affirmed its 'BB' long-term counterparty credit rating on Banco do Brasil S.A. The outlook is stable. 'The rating on Banco do Brasil reflects the large, direct exposure to sovereign credit risk in the form of marketable securities, the higher segment concentration of the loan portfolio resulting from its public-sector mission, and the lower core profitability and relatively weak intrinsic quality of the bank's capital base in comparison with its peers in the private sector,' said Standard & Poor's credit analyst Daniel Araujo. On the positive side, the rating incorporates the strong commitment and support demonstrated by the Federative Republic of Brazil; the competitiveness by...
Companies mentioned in this report are: Banco do Brasil S.A
Action: Affirmed
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: 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.
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