S&P rates Banco de Brasilia BB

Standard & Poor’s said it assigned BB/B global scale ratings to Banco de Brasilia SA.

The agency also said it affirmed the brAA-/brA-1 national scale ratings on the bank.

The outlook is stable.

The ratings reflect the bank’s weak business position, adequate capital and earnings, adequate risk position, average funding and adequate liquidity, S&P said.

The anchor rating for a commercial bank operating only in Brazil is BBB- based on the country’s economic risk score of 6 and an industry risk score of 5, the agency said.

Brazil’s economic risk reflects its low GDP per capita levels and only modest growth prospects that limit household credit capacity and the country’s ability to withstand economic downturns, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.