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

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

Research Update: Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook Is Negative - S&P Global Ratings’ Credit Research
Research Update: Banco Fibra S.A. Long-Term Rating Lowered To 'B-' On Continued Weak Asset Quality; Outlook Is Negative
Published Sep 08, 2015
6 pages (1933 words) — Published Sep 08, 2015
Price US$ 225.00  |  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. On Sept. 8, 2015,

  
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....

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Banco-Fibra-S-A-Long-Term-Rating-Lowered-To-B-On-Continued-Weak-Asset-Quality-Outlook-Is-Negative-1447959>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Banco-Fibra-S-A-Long-Term-Rating-Lowered-To-B-On-Continued-Weak-Asset-Quality-Outlook-Is-Negative-1447959>
  
US$ 225.00
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