(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.