trending Market Intelligence /marketintelligence/en/news-insights/trending/jgGH8sqAZw1XWQIYo4WgJQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

S&P affirms Bradesco Seguros ratings with negative outlook

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


S&P affirms Bradesco Seguros ratings with negative outlook

Standard & Poor's Ratings Services on March 30 affirmedBradesco Seguros SA'sissuer credit and financial strength national ratings at brAA-. The outlookremains negative.

The ratings action reflects Bradesco Seguros' core groupstatus to parent company BancoBradesco SA, as well as the importance of insurance businesses todiversify the group's income, S&P said.

"Therefore, we believe that the businesses are wellintegrated and it is likely that the group will provide support to BradescoSeguros in any foreseeable circumstance," S&P noted.

In December 2015, insurance operations accounted for nearly31% of Bradesco's consolidated results.

Meanwhile, the negative outlook on the insurer's ratings isbased on the ratings assigned to its parent, which, in turn, reflects thenegative outlook on Brazil's sovereign ratings, S&P said.

S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.