Rating

We are rated by international rating agencies, and the scores assigned reflect our operational performance, financial soundness, and the quality of our management, as well as other factors related to the financial sector and the economic environment in which we operate. It is worth noting that the long-term foreign currency rating is capped by Brazil’s sovereign rating.

The table below presents the ratings assigned by the main agencies:

Moody’s

National Scale:

Rating:
AA+.br/A-1.br
Perspective:
Stable

Global Scale:

Rating:
Ba2/NP
Perspective:
Stable
Standard & Poor’s

National Scale:

Rating:
brAAA/brA-1+
Perspective:
Stable

Global Scale:

Rating:
BB/B
Perspective:
Stable