Ratings

Ratings

Corporate Credit Risk – Brazil National Scale

Agency Rating Outlook Date
S&P AAA Stable 06/30/2025
Fitch AAA Stable 12/23/2025

Corporate Credit Risk – Local Currency

Agency Rating Outlook Date
S&P BB Stable 06/30/2025
Fitch BBB- Stable 12/23/2025

Foreign Currency

Agency Rating Outlook Date
S&P BB Stable 06/30/2025
Fitch BB+ Stable 12/23/2025


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Risk Agency Reports

*(Only Portuguese)