S&P affirms BRB – Banco de Brasilia

S&P said it affirmed the B+/B global scale and brA-/brA-2 national scale issuer credit ratings on BRB – Banco de Brasilia SA.

The outlook remains stable.

The agency said the ratings reflect the bank’s concentrated business profile due to its geographic concentration and its small market-share.

However, S&P said that the weaker credit quality of the bank’s owner, the Federal District of Brasilia, still constrains the rating.

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