Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing - S&P Global Ratings’ Credit Research

Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing

Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing - S&P Global Ratings’ Credit Research
Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing
Published Dec 02, 2015
5 pages (1775 words) — Published Dec 02, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 25. 2015, Mr. Andre Esteves, former CEO and Chairman of Banco BTG Pactual, was arrested, triggering a liquidity pressure on the bank. In our bulletin published on the same day, we stated that we were reassessing our ratings on the bank in light of its liquidity's deterioration. We're downgrading the bank to 'BB-/B' from 'BB/B' on global scale and to 'brA-/brA-2' from 'brAA-/brA-1' on national scale following our reassessment of the bank's liquidity to "weak". We also revised the CreditWatch implications on the ratings to negative from developing. On July 15, 2014, we placed our ratings on the bank on CreditWatch with developing implications following its announcement of the acquisition of Switzerland-based bank BSI, which was approved last

  
Brief Excerpt:

...On Nov. 25. 2015, Mr. Andre Esteves, former CEO and Chairman of Banco BTG Pactual, was arrested, triggering a liquidity pressure on the bank. In our bulletin published on the same day, we stated that we were reassessing our ratings on the bank in light of its liquidity's deterioration....

  
Report Type:

Research Update

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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing" Dec 02, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-BTG-Pactual-Downgraded-To-BB-B-From-BB-B-And-CreditWatch-Implications-Revised-To-Negative-From-Developing-1490035>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Banco BTG Pactual Downgraded To 'BB-/B' From 'BB/B' And CreditWatch Implications Revised To Negative From Developing Dec 02, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-BTG-Pactual-Downgraded-To-BB-B-From-BB-B-And-CreditWatch-Implications-Revised-To-Negative-From-Developing-1490035>
  
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