trending Market Intelligence /marketintelligence/en/news-insights/trending/9SNKE7goobOHhT1NCSTJSQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch affirms ratings of 8 foreign-owned, Brazilian banks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Fitch affirms ratings of 8 foreign-owned, Brazilian banks

Fitch Ratings on Feb. 1 affirmed the ratings of eight Brazilian subsidiaries owned by foreign banks.

Fitch affirmed the long- and short-term national ratings, at AAA(bra) and F1+(bra), respectively, of Banco de Investimentos Credit Suisse (Brasil) SA, Banco Rabobank International Brasil SA, Deutsche Bank SA – Banco Alemão, Banco Société Générale Brasil SA, Bank of America Merrill Lynch Banco Múltiplo SA, China Construction Bank (Brasil) Banco Múltiplo SA, and Banco Crédit Agricole Brasil SA.

Meanwhile, the rating agency maintained Banco Caixa Geral Brasil SA's long- and short-term national ratings at A-(bra) and F2(bra), respectively.

The outlook on all long-term ratings is stable. The national ratings reflect the ongoing support from the banks' respective parent companies, Fitch said.

With the exception of Deutsche Bank SA, Fitch considers the AAA(bra)-rated banks to be "strategically important" to their parent companies due to their strong operational and commercial synergies. Fitch also considers Deutsche Bank SA to be "strongly aligned" with its parent company, noting that Germany-based Deutsche Bank AG confirmed that it will not suspend its activities in Brazil despite having pulled out of several other Latin American countries.

Conversely, Fitch noted that the reorganization process of Banco Caixa Geral Brasil's parent, Portugal-based Caixa Geral de Depósitos SA, could lead it to prioritize domestic operations to the detriment of its investments outside its home country. While there is still no formal decision of the controlling shareholder on its operations in Brazil, Fitch maintained that Caixa Geral de Depósitos will support its Brazilian unit if needed.