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Bulletin: S&P Is Monitoring Banco BTG Pactual's Liquidity In Light Of CEO's Arrest

Published Nov 25, 2015

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Abstract:

SAO PAULO (Standard&Poor's) Nov. 25, 2015—Standard&Poor's Ratings Services said today that its ratings on Banco BTG Pactual (BTG; BB/Watch Dev/B) are not immediately affected following the news that Mr. Andre Esteves, main shareholder and CEO of the bank, was arrested today by Brazilian police. However, we will evaluate if any incremental reputational risk could weaken BTG's credit fundamentals. We will closely monitor the bank's deposits and liquidity levels, using the "net stable funding ratio" and "broad liquid assets to short-term wholesale funding" ratios as a reference for potential changes in the currently "adequate" assessment of BTG's funding and liquidity. As of September 2015, these ratios were 105.6% and 1.6x, respectively. The CreditWatch developing listing reflects the

Report Type:

Bulletin

Ticker

729129Z@BZ

Issuer

Banco BTG Pactual S.A.

GICS

Diversified Capital Markets (40203030)

Sector

Global Issuers, Structured Finance

Country

Brazil

Region

Latin America

Format:

PDF

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Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity – 2016/09/28 – US$ 225.00

Banco BTG Pactual S.A. – 2016/10/13 – US$ 500.00

Summary: Banco BTG Pactual S.A. – 2016/10/13 – US$ 225.00

Research Update: Banco BTG Pactual S.A. 'BB-/B' Global And 'brA+/brA-1' National Scale Ratings Affirmed, Outlook Remains Negative – 2017/09/01 – US$ 225.00

Banco BTG Pactual S.A. – 2015/05/07 – US$ 500.00

Summary: Banco BTG Pactual S.A. – 2015/05/07 – US$ 225.00

Various Rating Actions Taken On Brazilian Financial Institutions Despite BICRA Remaining At Group '5' – 2015/04/17 – US$ 150.00

Research Update: Various Rating Actions Taken On Brazilian Financial Institutions Despite BICRA Remaining At Group '5' – 2015/04/17 – US$ 225.00

Banco BTG Pactual 'BB+/B' Global Scale And 'brAA/brA-1' National Scale Ratings Placed On Watch Developing On Acquisition – 2014/07/15 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: S&P Is Monitoring Banco BTG Pactual's Liquidity In Light Of CEO's Arrest" Nov 25, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-S-P-Is-Monitoring-Banco-BTG-Pactual-s-Liquidity-In-Light-Of-CEO-s-Arrest-1487408>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: S&P Is Monitoring Banco BTG Pactual's Liquidity In Light Of CEO's Arrest Nov 25, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-S-P-Is-Monitoring-Banco-BTG-Pactual-s-Liquidity-In-Light-Of-CEO-s-Arrest-1487408>

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