Banco Do Brasil S.A Apr 06
Standard & Poors, April 2006
Abstract
Demonstrated support and commitment from shareholder Competitive position in private sector-related operations Extensive distribution network and ample access to low-cost funding Exposure to sovereign credit risk Exposure to economic risks in Brazil Low intrinsic quality of capital base The long-term counterparty credit 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 strong commitment and support demonstrated by the Federative Republic of Brazil; the competitiveness by Banco do Brasil in private-sector-related...
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
Banco do Brasil S.A
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