S&P Upgrades Agibank’s Credit Rating to ‘brAA’

Key Terms

credit rating financial

A credit rating is an independent assessment, usually given as a letter grade, of how likely a borrower is to repay its debt on time. It matters to investors because the rating signals how risky a bond or loan is — like a personal credit score for a company or government — and influences the interest the borrower must pay, the price investors will accept, and whether certain funds can hold that security.

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stable outlook financial

A stable outlook is a credit-rating agency’s view that a company’s credit rating is unlikely to change over the medium term, indicating expected steadiness in its financial condition and ability to meet obligations. For investors it matters because a stable outlook signals lower likelihood of sudden changes to borrowing costs, dividend capacity or default risk—like a calm weather forecast, it helps set expectations about near-term risk and return.

credit rights investment funds (fidcs) financial

Investment vehicles that buy and manage portfolios of credit rights — contractual claims to future payments such as loans, invoices, leases or receivables — and issue fund shares or notes backed by those cash flows. They work like a pooled loan or invoice marketplace: investors provide money up front and receive returns tied to borrowers’ payments, so the fund’s value and income depend on the quality and timing of the underlying receivables and on the fund’s credit structure.

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With this new rating, the Bank reaches the ‘AA’ level across all three major rating agencies: S&P, Fitch, and Moody’s Local

SÃO PAULO--(BUSINESS WIRE)-- Agibank, a bank operating a hybrid platform that combines the efficiency and scalability of digital channels with the proximity and personalized service of a physical presence, has had its credit rating upgraded by S&P Global Ratings from ‘brAA-’ to ‘brAA’, with stable outlook. With this new classification, the institution now holds an ‘AA’ level rating from all three major agencies that assess its credit risk: S&P, Fitch Ratings, and Moody’s Local. Agibank is a subsidiary company of Agi Inc. (NYSE: AGBK) (“Agi”).

In its report, the rating agency notes: “Our rating incorporates a positive holistic adjustment based on the bank’s strong operational performance and growth trajectory. We highlight the institution’s ability to expand its operations and its pursuit of revenue growth, factors that have increased its market relevance while the bank maintains its focus on its core business. Furthermore, we highlight its funding diversification strategy, evidenced by the use of Credit Rights Investment Funds (FIDCs) and the strengthening of relationships with institutional investors.”

“This upgrade by S&P completes an important cycle of recognition and places Agibank at the ‘AA’ level across all three agencies that monitor the institution. This result confirms the consistency of our operational performance, the robustness of our growth trajectory, and the execution of a strategy that combines responsible expansion, revenue diversification, and the broadening of funding sources,” said Marcello Dubeux, Chief Financial and Investor Relations Officer at Agi.

This move follows two other rating upgrades in 2026. In June, Moody’s Local upgraded Agibank’s long-term national scale rating from ‘AA-.br’ to ‘AA.br’. In July, Fitch Ratings assigned the bank an ‘AA(bra)’ rating. These assessments recognized, among other factors, the bank’s gain in scale, expansion of operations, diversification of revenue and funding, strengthening of governance, and the evolution of internal controls.

“The recognition from all three agencies demonstrates that Agibank is growing consistently and maintaining disciplined execution. Our hybrid model, proximity to customers, and ability to innovate and diversify our business continue to strengthen the institution and expand our market relevance,” said Glauber Correa, CEO of Agibank.

The full report published by S&P Global Ratings can be accessed here.

About Agi

Agi stands for a banking experience that welcomes and empowers all Brazilians through a business model that is unique in Brazil. Designed to serve a customer base that represents the majority of the Brazilian population, our model addresses needs that remain outside the priorities of traditional large banks and purely digital banks. We fill a gap in the market by serving, with quality and dignity, customers who are often overlooked.

Our hybrid model combines a fully digital bank that is light, fast, and easy to use, complemented by physical branches that offer a welcoming, agile, and accessible in-person experience for all Brazilians. We develop tailored solutions and provide a simple, inclusive customer journey for non-digital-native clients, creating a meaningful competitive advantage. This approach enables us to attract more customers, build long-lasting relationships, and strengthen our growth trajectory.

No Offer

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Agi Inc’s control. Agi Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, regulatory or tax developments, changes in its business, industry, or local or global economic and other developments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260820160437/en/

Press Contact
Email: agibank@fsb.com.br
Website: investors.agiinc.com

Source: Agibank