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Banco do Brasil S.A. Ratings Affirmed Apr 05
Standard & Poors, April 2005
Abstract
NEW YORK (Standard & Poor's) April 8, 2005--Standard & Poor's Ratings Services said today that it affirmed its 'BB-/B' foreign currency and 'BB' local currency counterparty credit ratings on Banco do Brasil S.A. The outlook is stable. The local currency rating on Banco do Brasil S.A. reflects the direct exposure to sovereign credit risk in the form of marketable securities; Standard & Poor's assessment of high economic risks within the Brazilian banking industry; as well as a still-weak intrinsic quality of the bank's capital base (although this has been improving consistently). On the positive side, the rating incorporates the firm commitment and support demonstrated by the Federative Republic of Brazil; the competitiveness by Banco do Brasil in private sector-related operations...
Companies mentioned in this report are: Banco do Brasil S.A
Action: Affirmed
Action: Outlook: Stable
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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