Industry Report Card: Latin American Banks? Satisfactory Performance Continued Despite Global Economic And Market Uncertainties Jun 12
- Language: English
- Published: June 2012
- Region: Global, Latin America
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 Ratings Services assessment of high economic risks within the Brazilian banking industry; and the 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 while keeping its public-sector mission; and the bank's strong franchise and extensive branch network. The ratings on Banco do Brasil incorporate the bank's higher-than-average exposure to sovereign risk through its public-sector securities portfolio and open market transactions. Government...
Companies mentioned in this report are:
- Banco do Brasil S.A
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