September 1, 2011 / 1:13 PM / 7 years ago

TEXT-S&P affirms and withdraws Banco Santander (Brasil) GAMMA score

(The following statement was released by the rating agency)

Sept 01 - Standard & Poor’s Governance Services said today it affirmed and subsequently withdrew its Governance, Accountability, Management Metrics and Analysis (GAMMA) score assigned to Banco Santander (Brasil) S.A. at ‘GAMMA 7’ (according to a 1 to 10 scale with 1 being the lowest and 10 the highest).

The withdrawal of the GAMMA score is made at Standard & Poor’s initiative. It reflects our decision to cease providing stand-alone governance scores, while continuing to incorporate governance analysis in our global and local scale credit ratings.

The opinions expressed are the independent opinions of Standard & Poor’s Governance Services and do not reflect the opinions of other areas of Standard & Poor’s. Standard & Poor’s Corporate Governance Scores, GAMMA scores, and other analytic services are performed as entirely separate activities to preserve the independence and objectivity of each analytic process.

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