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Banco do Brasil S.A. Dec 08
Standard & Poors, Dec 2008
Abstract
Demonstrated support and commitment from shareholder Competitive position in private sector-related operations Strong domestic retail franchise and ample access to low-cost and stable funding Sound liquidity Exposure to sovereign credit risk and to economic risks in Brazil Relatively weak capital base Lower profitability compared to large retail Brazilian banks Standard & Poor's Ratings Services' rating on Banco do Brasil S.A. (BdB) incorporates the ownership by the Federative Republic of Brazil (FC: BBB-/Stable/--; LC: BBB+/Stable/--). The controlling shareholder has historically demonstrated financial support and commitment to the strength of BdB's franchise, while influencing the bank's strategic direction. The bank benefits from a strong competitive position as the second-largest commercial bank in the country, a strong franchise that provides for low-cost and...
Companies mentioned in this report are: Banco do Brasil S.A
Action: Review
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: Full Analysis
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