trending Market Intelligence /marketintelligence/en/news-insights/trending/qdxmouokCZaYEdivTW_VGA2 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

Fitch assigns foreign, national ratings to BRDE

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Fitch assigns foreign, national ratings to BRDE

Fitch Ratings on July 25 has assigned long- and short-term foreignand local currency issuer default ratings of BB and B, respectively, to .

The outlook on the long-term ratings is negative.

The rating agency also assigned long- and short-term nationalratings of AA(bra) and F1+(bra), respectively, with a stable outlook on the long-termrating.

The action reflects BRDE's importance and strategic role as adevelopment bank in the southern region of Brazil and its integration with the economicpolicies of its controlling states: Paraná, Santa Catarina, and Rio Grande do Sul.The bank's ratings are equal to those of Paraná and Santa Catarina, which accountfor two-thirds of the bank's capital and a slightly larger portion of its totalloans.

Fitch believes the probability of BRDE receiving shareholdersupport "is not constrained by the relatively weaker financial profile of the Rio do Grande do Sul state,"given the capital injections received from the other controlling states over thelast two years, as well as Rio Grande do Sul's large capital reserves in the bank."The fact that the bank does not distribute dividends and reinvests all ofits profits, as per its bylaws, reinforces our view that a capital withdrawal wouldbe very unlikely," Fitch said.

In April, Moody's also assignedratings to BRDE.