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Banco Mercantil Do Brasil S.A. Dec 11
Standard & Poors, Dec 2011
Abstract
Long track record and focus in the southern east region's SMEs and individuals; Good market share and physical presence in the Minas Gerais state; Ability to maintain a loyal and captive client base; Adequate liquidity and asset quality. Weak capitalization and profitability; Higher-than-average dependence on wholesale investors to fund operations; Increasingly competitive market. Standard & Poor's bases its ratings on Banco Mercantil Do Brasil S.A.'s (BMB) 'moderate' business position (as our criteria define it), 'weak' capital and earnings, 'adequate' risk position, 'below-average' funding and 'adequate' liquidity. Our bank criteria use our Banking Industry Country Risk Assessment (BICRA) economic and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. Our anchor for a...
Companies mentioned in this report are: Banco Mercantil 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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