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S&P affirms BRB-Banco de Brasília ratings

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S&P affirms BRB-Banco de Brasília ratings

S&P Global Ratings on Nov. 21 affirmed its B+/B global scale and brA-/brA-2 national scale issuer credit ratings on BRB-Banco de Brasília SA.

The ratings reflect the bank's concentrated business profile, a forecast risk-adjusted capital ratio of about 5.5% for the next two years as well as its satisfactory and gradually improving asset quality. Moreover, S&P believes the bank's diversified funding base is a positive factor in its analysis while its liquidity should comfortably cover short-term obligations in the next 12 months.

However, the weaker credit quality of the bank's owner, the Brazilian Federal District, still constrains the rating, S&P said.

The outlook remains stable, reflecting S&P's view that the ratings are unlikely to change over the next 12 months.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.