Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative - S&P Global Ratings’ Credit Research

Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative

Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative - S&P Global Ratings’ Credit Research
Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative
Published Sep 08, 2015
3 pages (1315 words) — Published Sep 08, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

The credit quality metrics of Brazil-based midsize bank Banco Fibra S.A.'s new loan portfolio, which is composed of loans originated after the implementation of the bank's revised business plan, has significantly deteriorated during the first half of 2015. Furthermore, the bank's overall nonperforming loans (NPLs) spiked to 11.1%, which is much worse than its peer average amid declining economic activity and more challenging conditions in Brazil. As a result, we are lowering our long-term global scale credit rating on the bank to 'B-' from 'B' and our national scale rating to 'brB-' from 'brBB-'. The negative outlook reflects our view that the bank's financial profile could further deteriorate and pressure the bank's capital and liquidity position. SAO PAULO (Standard&

  
Brief Excerpt:

...+ The credit quality metrics of Brazil-based midsize bank Banco Fibra S.A.'s new loan portfolio, which is composed of loans originated after the implementation of the bank's revised business plan, has significantly deteriorated during the first half of 2015. + Furthermore, the bank's overall nonperforming loans (NPLs) spiked to 11.1%, which is much worse than its peer average amid declining economic activity and more challenging conditions in Brazil. + As a result, we are lowering our long-term global scale credit rating on the bank to 'B-' from 'B' and our national scale rating to 'brB-' from 'brBB-'. + The negative outlook reflects our view that the bank's financial profile could further deteriorate and pressure the bank's capital and liquidity position. SAO PAULO (Standard & Poor's) Sept. 8, 2015--Standard & Poor's Ratings Services lowered its long-term global scale ratings on Banco Fibra S.A. (Fibra) to 'B-' from 'B'. At the same time, 'we lowered our national-scale rating on the bank...

  
Report Type:

Ratings Action

Ticker
1005Z@BZ
Issuer
Banco Fibra S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Brazil
Region
Latin America
Format:
PDF Adobe Acrobat
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 Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative" Sep 08, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Banco-Fibra-S-A-Long-Term-Rating-Lowered-To-B-On-Continued-Weak-Asset-Quality-Outlook-is-Negative-1447958>
  
APA:
S&P Global Ratings’ Credit Research. (). Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook is Negative Sep 08, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Banco-Fibra-S-A-Long-Term-Rating-Lowered-To-B-On-Continued-Weak-Asset-Quality-Outlook-is-Negative-1447958>
  
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 Credit Research from one place.