trending Market Intelligence /marketintelligence/en/news-insights/trending/obiX_W-bINV4hEgEak4PfA2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

S&P upgrades Brazil's Haitong Banco de Investimento

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks

S&P upgrades Brazil's Haitong Banco de Investimento

S&P Global Ratings on Oct. 15 raised Haitong Banco de Investimento do Brasil SA's long-term national scale rating to brAAA from brAA+, reflecting the stronger financial profile of its Portugal-based parent, Haitong Bank SA, whose long-term rating was also recently upgraded.

The rating agency believes that the Brazil-based bank is a core subsidiary of its parent given its large revenue contribution to the group, strong operational integration and importance to the group's long-term strategy. The bank will also likely benefit from support from its parent under any foreseeable circumstance, except in the event of a sovereign default, as it is significantly exposed to Brazilian sovereign bonds.

At the same time, S&P Global Ratings affirmed Haitong Banco de Investimento do Brasil's brA-1+ short-term rating and BB-/B global scale ratings. The outlook for all ratings is stable.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.