trending Market Intelligence /marketintelligence/en/news-insights/trending/OIvsCMZJjUNFwIwdai_Qww2 content esgSubNav
In This List

S&P affirms Banco de Desenvolvimento de Minas Gerais' ratings


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

S&P affirms Banco de Desenvolvimento de Minas Gerais' ratings

S&P Global Ratings on Sept. 22 affirmed 's global scale BB- long-term issuer credit ratings and brAlong-term national scale rating, all with a negative outlook.

The ratings reflect the bank's weak business position due toits geographic concentration, strong capital and earnings, adequate riskposition, as well as below-average funding and adequate liquidity.

S&P believes that there's a very high likelihood that thebank would receive timely and sufficient extraordinary support from the statein the event of financial distress.

However, the negative outlook reflects the possibility ofasset quality deterioration beyond expectations amid Brazil's weak economy,S&P said. This could prompt the rating agency to revise down the bank'srisk position even though the bank practices prudent underwriting standardswith strong guarantee requirements.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.