trending Market Intelligence /marketintelligence/en/news-insights/trending/OBxwtMoe9FwMSGZeUmSjdQ2 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

Moody's revises Banco Votorantim's outlook to stable from negative

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Moody's revises Banco Votorantim's outlook to stable from negative

Moody's on March 25 changed its outlook on Banco Votorantim SA to stable from negative, reflecting gradually improving asset quality and the subsequent growth in revenue.

The rating agency anticipates a continuous improvement in the bank's financial metrics, mainly profitability and capitalization over the next 12 to 18 months, owing to lower credit costs and a more diverse revenue structure, backed by growing noninterest income from services.

In its ratings action, Moody's added that the bank's "strategy to focus on lending to corporate and commercial segments, specifically in the form of secured loans to mid-size companies, ensures gradual reduction in asset risk and yields better risk adjusted returns."

Following the affirmation of the lender's "ba3" baseline credit assessment, the rating agency affirmed the long- and short-term local currency deposit ratings at Ba2 and Not Prime, respectively, and the long- and short-term global foreign currency deposit ratings at Ba3 and Not Prime, respectively.

Moody's also affirmed the lender's long- and short-term Brazilian national scale deposit rating at and BR-1, respectively.

Other ratings that were affirmed include the long- and short-term global local currency counterparty risk rating of Banco Votorantim and its Nassau branch at Ba1 and Not Prime, respectively, and the long- and short-term global foreign currency counterparty risk ratings of Ba1 and Not Prime, respectively.

Moody's could downgrade the bank's BCA and other ratings if capitalization ratio of the lender declines in the event of a deterioration of asset quality and profitability.

"A deterioration in funding and a meaningful reduction in liquid resources could also pressure its financial profile downward," the rating agency added.