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Research Update: Banco Safra S.A. ?BBB-/A-3? Ratings Affirmed Under New Bank Criteria, Outlook Stable Dec 11 Product Image

Research Update: Banco Safra S.A. ?BBB-/A-3? Ratings Affirmed Under New Bank Criteria, Outlook Stable Dec 11

  • Published: December 2011
  • Standard & Poors

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Abstract
Following a review of Banco Safra S.A. under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'BBB-/A-3' global-scale and our 'brAAA' Brazilian national-scale long-term issuer credit ratings on the bank. The outlook is stable. Our ratings on Safra reflect our view of its business position, capital and earnings, and risk position as adequate, below-average funding, and strong liquidity. We expect the bank to continue to adopt conservative strategies to maintain its healthy asset quality and a strong liquidity to mitigate the risks related to its funding base's wholesale profile. As we previously announced, on Dec. 9, 2011, Standard & Poor's Ratings Services affirmed its ratings on Banco Safra S.A., including the 'BBB-/A-3' global-scale...

Companies mentioned in this report are: Banco Safra S.A.
Action: Affirmed

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Banco Safra S.A.

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