trending Market Intelligence /marketintelligence/en/news-insights/trending/r-ekr8qf7n854rkiesnkpa2 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

In this list

S&P removes Banco Pan’s ratings from negative implications

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap


S&P removes Banco Pan’s ratings from negative implications

S&P GlobalRatings on Oct. 4 affirmed its B+/B global scale and brBBB-/brA-3 national scaleratings on Banco Pan SAand removed them from CreditWatch with negative implications.

The move followsa similar action on parentBanco BTG Pactual SA inSeptember.

The ratingsare based on Banco Pan's stand-alone credit profile of "b+," which reflectsa moderate business position. S&P noted the bank's small market share and revenuevolatility as its portfolio shifts to lower-risk segments such as payroll lending,while maintaining a focus on vehicle financing.

The bank alsohas weak capital and earnings, with a risk-adjusted capital ratio forecast at about4.5% for the next two years, a moderate risk position, and adequate funding andliquidity driven by funding support from CaixaEconômica Federal.

S&P addedthat due to Brazil's challenging economic scenario, the bank has been unable togrow its portfolio to compensate for its current cost structure, leading to profitabilitypressures. However, the bank has continued improving its risk profile, with itsportfolio expanding operations into payroll loans and real estate.

S&P Global Ratings and S&P Global MarketIntelligence are owned by S&P Global Inc.