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Banco Fibra S.A. 'BB-/B' And 'brA-/brA-2' Ratings Affirmed; Outlook Revised To Positive From Stable On National Scale Jul 09
Standard & Poors, July 2009
Abstract
Banco Fibra continues challenged to diversify its funding and to expand its operations under adequate credit risk management. We have affirmed our 'BB-/B' global scale ratings on the bank with a stable outlook. We have affirmed our 'brA-/brA-2' Brazil national scale ratings with a revised outlook to positive from stable. We expect Fibra to manage its way through the current economic difficulties, while maintaining its adequate asset quality and liquidity. SAO PAULO (Standard & Poor's) July 27, 2009--Standard & Poor's Ratings Services said today that it has affirmed its 'BB-/B' global scale counterparty credit ratings on Banco Fibra S.A. (Fibra). The outlook is stable. We also affirmed the 'brA-/brA-2' Brazil national scale counterparty credit ratings on the bank with a...
Companies mentioned in this report are: Banco Fibra S.A.,Brazil (Federative Republic of),International Finance Corp.
Action: Affirmed
Action: Outlook: Positive
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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