Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance - S&P Global Ratings’ Credit Research

Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance

Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance - S&P Global Ratings’ Credit Research
Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance
Published Jun 08, 2021
6 pages (2508 words) — Published Jun 08, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Brazil-based Banco Fibra S.A. (Fibra) went through a restructuring process, and has been making efforts to reduce its credit risk, focusing on loans backed by receivables to mid-size companies and agrobusinesses. We believe the bank benefited from the favorable momentum in the commodities prices and took advantage of operations within the supply chain of Companhia Siderurgica Nacional (CSN; B+/Positive/B). Consequently, the bank's operating results and profitability have been higher than historical average. At the same time, its asset quality strengthened thanks to the stronger underwriting standards. Therefore, we're revising our global scale rating outlook on Fibra to positive from stable. In addition, we're affirming our 'B-/B' ratings. We're also raising our national scale ratings to 'brBBB+/brA-2' from 'brBBB-/brA-3'. The outlook

  
Brief Excerpt:

...- Brazil-based Banco Fibra S.A. (Fibra) went through a restructuring process, and has been making efforts to reduce its credit risk, focusing on loans backed by receivables to mid-size companies and agrobusinesses. - We believe the bank benefited from the favorable momentum in the commodities prices and took advantage of operations within the supply chain of Companhia Siderurgica Nacional (CSN; B+/Positive/B). - Consequently, the bank's operating results and profitability have been higher than historical average. At the same time, its asset quality strengthened thanks to the stronger underwriting standards. - Therefore, we're revising our global scale rating outlook on Fibra to positive from stable. In addition, we're affirming our 'B-/B' ratings. We're also raising our national scale ratings to 'brBBB+/brA-2' from 'brBBB-/brA-3'. The outlook on this scale is also positive....

  
Report Type:

Research Update

Ticker
1005Z@BZ
Issuer
Banco Fibra S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Brazil
Region
Latin America
Format:
PDF Adobe Acrobat
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Summary: Banco Fibra S.A. – 2019/05/22 – US$ 225.00

Summary: Banco Fibra S.A. – 2018/05/22 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance" Jun 08, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-Fibra-Global-Scale-Outlook-Revised-To-Positive-And-National-Scale-Upgraded-On-Improved-Financial-Performance-2662888>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Banco Fibra Global Scale Outlook Revised To Positive And National Scale Upgraded On Improved Financial Performance Jun 08, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Banco-Fibra-Global-Scale-Outlook-Revised-To-Positive-And-National-Scale-Upgraded-On-Improved-Financial-Performance-2662888>
  
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