Moody's begins coverage of BR Partners Banco de Investimento S.A. with an A+(bra) positive outlook.
According to the report, the new ratings "reflect the well-established investment banking franchise with an M&A focus, positioned among the top five advisors in Brazil, low credit leverage, high profitability and solid capitalisation".
The report also cites that the bank's balance sheet expansion strategy, supported by funds raised through an Initial Public Offering (IPO in English) held in June 2021, has resulted in increased revenues, favouring the positive outlook.
Source: https://www.moodyslocal.com/country/br/ratings/finance
