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Prospect News home > News index > List of issuers B > Headlines for Banco Rural SA > News item |
S&P cuts Banco Rural
Standard & Poor's said it lowered its issuer credit rating on Banco Rural SA to B- from B on global scale and to brB from brBB+ on national scale. The outlook is negative.
The agency said it bases its ratings on the bank on its weak business position, weak capital and earnings, moderate risk position, below average funding and moderate liquidity.
The stand-alone credit profile is B-.
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