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Ratings on Brazil Structured Transactions Affirmed After Sovereign Upgrade Sep 04

  • ID: 2028944
  • September 2004
  • Region: Brazil
  • Standard & Poors
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FEATURED COMPANIES

  • ALCOA Aluminio S.A.
  • Aracruz Celulose S.A.
  • Banco Bradesco S.A.
  • Banco do Brasil S.A
  • MORE

Abstract
NEW YORK (Standard & Poor's) Sept. 22, 2004--Standard & Poor's Ratings Services today affirmed its ratings on its rated Brazilian structured finance transactions following the Sept. 17, 2004, upgrade of Brazil's sovereign long-term foreign currency to 'BB-' from 'B+' (see list). The ratings of financial future flow transactions issued by Brazilian banks were not directly affected by the sovereign rating change, as the ratings on these transactions are rated higher than, and are not constrained by, the sovereign foreign currency rating. The ratings on these transactions are dependent on the survivability assessments of their respective bank issuers. These assessments are, in turn, generally linked to the underlying local currency rating of the banks. Standard & Poor's financial institutions group recently...

Companies mentioned in this report are:
- ALCOA Aluminio S.A.
- Petroleo Brasileiro S.A. - Petrobras
- Brazil (Federative Republic of)
- Banco Bradesco S.A.
- Unibanco-Uniao de Bancos Brasileiros, S.A.
- Itau Unibanco Holding S.A.
- Aracruz Celulose S.A.
- Banco do Brasil S.A
- Banco do Estado de Sao Paulo S.A.
- Dollar READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- ALCOA Aluminio S.A.
- Petroleo Brasileiro S.A. - Petrobras
- Brazil (Federative Republic of)
- Banco Bradesco S.A.
- Unibanco-Uniao de Bancos Brasileiros, S.A.
- Itau Unibanco Holding S.A.
- Aracruz Celulose S.A.
- Banco do Brasil S.A
- Banco do Estado de Sao Paulo S.A.
- Dollar Diversified Payment Rights Finance Company (Banco do Brasil )
- International Diversified Payment Rights Company (Banco Bradesco)

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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