Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB? - S&P Global Ratings’ Credit Research

Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB?

Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB? - S&P Global Ratings’ Credit Research
Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB?
Published Jan 05, 2012
Published Jan 05, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAO PAULO (Standard&Poor's) Jan. 5, 2012--Standard&Poor's Ratings Services assigned its 'BBB' rating to Banco Bradesco S.A.'s fixed-rate senior unsecured notes of minimum amount of US$ 500 million. The 'BBB' rating on the notes is the same as our long-term issuer credit rating on Bradesco (BBB/Stable/A-3), reflecting our view that the notes will rank on par with the bank's other senior unsecured debt. We also believe that these notes will be direct, unsecured, unsubordinated, and unconditional obligations of the bank, which expects to use the proceeds for general corporate purposes. Standard&Poor's bases its ratings on Bradesco on its "very strong" business position, "moderate" capital and earnings, "adequate" risk position, "average" funding, and "adequate" liquidity (as

  
Report Type:

Ratings Action

Ticker
BBDC4@BZ
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB?" Jan 05, 2012. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Banco-Bradesco-S-A-s-Senior-Unsecured-Notes-Assigned-BBB-927314>
  
APA:
S&P Global Ratings’ Credit Research. (). Banco Bradesco S.A.?s Senior Unsecured Notes Assigned ?BBB? Jan 05, 2012. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Banco-Bradesco-S-A-s-Senior-Unsecured-Notes-Assigned-BBB-927314>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.