Moody’s lifts Agibank of Agi Inc (NYSE: AGBK) to AA.br with stable outlook
Rhea-AI Filing Summary
Agi Inc, through its subsidiary Agibank, reported that Moody’s Local upgraded Agibank’s Brazil national scale rating to ‘AA.br’ from ‘AA-.br’ with a stable outlook. Moody’s cited an improved credit profile driven by strong operational growth, a larger loan portfolio and funding base, stronger capital levels, and governance advances following Agi’s February 2026 NYSE IPO. Agibank’s total credit portfolio reached R$35.5 billion at the end of March 2026, a 30% year-on-year increase, which management believes will help expand funding options at more competitive costs and support its hybrid digital–physical banking model in Brazil.
Positive
- Moody’s Local rating upgrade: Agibank’s Brazil national scale rating was raised from ‘AA-.br’ to ‘AA.br’ with a stable outlook, reflecting an improved credit profile and stronger perceived credit quality.
- Strong portfolio growth: Agibank’s total credit portfolio reached R$35.5 billion at the end of March 2026, representing 30% year-on-year growth, alongside comments about maintaining adequate asset quality and profitability metrics.
Negative
- None.
Insights
Moody’s upgrade to AA.br improves Agibank’s perceived credit strength and funding options.
Moody’s Local raised Agibank’s Brazil national scale rating from AA-.br to AA.br with a stable outlook. The agency attributes this to stronger credit fundamentals, including growth in the loan book and funding base, higher capital levels, and governance improvements after the NYSE IPO.
For a lender, a higher national rating can support better access to wholesale funding and potentially lower borrowing costs, which may enhance margins if asset quality and pricing discipline are maintained. Moody’s also notes adequate asset quality and profitability, suggesting the expansion has not materially weakened risk indicators so far.
A key quantitative marker is Agibank’s total credit portfolio of R$35.5 billion at the end of March 2026, reflecting 30% year-on-year growth. Future company disclosures will show how this growth, combined with the new rating level, translates into funding mix, cost of funds, and capital management over subsequent reporting periods.
Key Figures
Key Terms
National Rating financial
hybrid platform financial
Initial Public Offering (IPO) financial
forward-looking statements regulatory
Private Securities Litigation Reform Act of 1995 regulatory
FAQ
What did Moody’s Local change in Agibank’s credit rating for Agi Inc (AGBK)?
Why did Moody’s Local upgrade Agibank, the subsidiary of Agi Inc (AGBK)?
How fast is Agibank’s loan portfolio growing for Agi Inc (AGBK)?
How does the Moody’s upgrade benefit Agi Inc (AGBK) and Agibank?
What business model does Agi Inc (AGBK) use through Agibank in Brazil?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2026
Commission File Number: 001-43114
AGI Inc
(Exact name of registrant as specified in its charter)
N/A
(Translation of registrant’s name into English)
Rua Sergio Fernandes Borges Soares, 1000, Prédio E1
Campinas, SP
13054-709 Brazil
+55 19 3031-4000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F |
X |
Form 40-F |
EXHIBIT INDEX
| Exhibit No. | Description |
| 99.1 | Press release dated June 15, 2026: Moody’s Local Upgrades Agibank’s National Rating to ‘AA.br’, with stable Outlook |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AGI Inc | |||||
| By: | /s/ Marcello Winnik Dubeux | ||||
| Name: | Marcello Winnik Dubeux | ||||
| Title: | Chief Financial Officer | ||||
Date: June 15, 2026
Moody’s Local Upgrades Agibank’s National Rating to ‘AA.br’, with stable Outlook
Represents Agibank's first ratings upgrade since its February 2026 Initial Public Offering
São Paulo, Brazil, June 15, 2026 – Agibank, a bank that operates a hybrid platform combining the efficiency and scalability of digital with the proximity and service of a physical presence, received today acredit rating upgrade from Moody’s Local, raising its classification from ‘AA-.br’ to ‘AA.br’. Agibank is a subsidiary of Agi Inc. (NYSE: AGBK) (“Agi”).
In its report, Moody’s highlighted that “the upgrade of Agibank’s ratings primarily reflects the improvement in the bank’s credit profile, supported by the strong growth of its operations, with expansion of its loan portfolio and funding base, accompanied by stronger capital levels and advances in its corporate governance following its initial public offering (IPO) on the New York Stock Exchange (NYSE), while maintaining adequate asset quality and profitability metrics.”
“This is the first credit rating upgrade Agi has received since our IPO, and we are confident that this achievement will reinforce the market’s confidence in our business model, expanding our funding alternatives with more competitive costs and strengthening Agibank’s position as a reliable and resilient debt issuer”, said Marcello Dubeux, Chief Financial Officer and Investor Relations Officer at Agi.
The upgrade comes four months after Agi’s Initial Public Offering on the New York Stock Exchange (NYSE). Agibank’s total credit portfolio reached R$35.5 billion at the end of March 2026, representing a 30% yearly growth.
“The ratings upgrade from Moody’s Local will support Agi’s opportunity to capitalize on our unique business model in Brazil, combining the best of digital and physical channels and always prioritizing customer principality and close relationships,” said Glauber Correa, CEO of Agibank.
The full report published by the rating agency 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.