Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity - S&P Global Ratings’ Credit Research

Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity

Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity - S&P Global Ratings’ Credit Research
Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity
Published Sep 28, 2016
7 pages (2922 words) — Published Sep 28, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We believe that Brazil-based bank BTG Pactual has diminished pressure on its liquidity, which resulted from the arrest of its former CEO and chairman. As a result, we believe the bank is now in a sound position to meet its short-term obligations. We're upgrading the bank to 'BB-/B' from 'B+/B' on global scale and to 'brA-/brA-2' from 'brBBB-/brA-3' on national scale following our reassessment of the bank's liquidity to moderate from weak. We also removed the ratings from CreditWatch with negative implications. The negative outlook reflects our view of the negative economic and industry risk trends in our Banking Industry Country Risk Assessment (BICRA) on Brazil. We believe BTG's finances could deteriorate because of pressures on Brazil's banking system as

  
Brief Excerpt:

...We believe that Brazil-based bank BTG Pactual has diminished pressure on its liquidity, which resulted from the arrest of its former CEO and chairman. As a result, we believe the bank is now in a sound position to meet its short-term obligations....

  
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 Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity" Sep 28, 2016. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-BTG-Pactual-Long-Term-Credit-Rating-Raised-To-BB-From-B-And-Off-Watch-Negative-On-Improved-Liquidity-1726407>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Banco BTG Pactual Long-Term Credit Rating Raised To 'BB-' From 'B+' And Off Watch Negative On Improved Liquidity Sep 28, 2016. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-BTG-Pactual-Long-Term-Credit-Rating-Raised-To-BB-From-B-And-Off-Watch-Negative-On-Improved-Liquidity-1726407>
  
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