S&P Global downgrades BRB for the second time in less than three months

The risk rating agency S&P Global Ratings downgraded BRB's (Banco de Brasília) credit rating from "brB-/brB" to "brCCC+/brC". This is the second downgrade suffered by the institution in just over two months - the previous rating drop occurred on March 19, 2026.

The new downgrade reflects the growing uncertainty and operational complexity surrounding the bank's capitalization plan, estimated at between R$6 billion and R$8 billion. According to S&P, implementing these measures has become the institution's main challenge given the recently accumulated losses.

According to the report, BRB's deteriorating scenario was accentuated with Operation Compliance Zero, in November 2025. Since then, the bank has faced a series of challenges, including the purchase of fraudulent assets from Banco Master, investigations into the conduct of high-ranking executives, governance weaknesses, conflicts of interest and lack of transparency, with financial statements that have not been published since September 2025.

Continue lendo

06/06/2026

Fire in the port of Manta, Ecuador, affects at least 14 fishing boats

Fire in the port of Manta, Ecuador, hits several fishing boatsA fire hit fishing boats in the port of Manta, Ecuador,...

06/06/2026

Brazil at the 2026 World Cup: see dates and times of the team's games

Carlo Ancelotti during the call-up of the Brazilian teamRafael Ribeiro/CBFBrazil and Egypt face each other this Saturd...

06/06/2026

Shots injure police officers in operation to reopen highway in Bolivia

Bolivian police and armed forces cleared part of a major highway in San Julián, in the eastern region of Santa Cruz, o...

The agency warns that continuing investigations increases reputational risk, potentially compromising fundraising and prospecting for new business.

To try to reverse the situation, BRB is betting on a capitalization plan that involves an agreement with Quadra Capital for the monetization of assets, the securitization of the Federal District's (DF) active debt and a loan from the FGC (Credit Guarantee Fund) to the DF government.

However, S&P warns that these initiatives depend on a complex structure and are subject to legislative impasses and judicialization, especially in an election year with budgetary pressures in the Federal District. The report states that schedule mismatches or insufficient resources may increase the institution's risk of liquidation.

Top Cifras

Toque agora.

1 É Isso Aí (part. Ana Carolina) Seu Jorge

2 Sei Quem És Elite Neves

3 Serenata Chitãozinho & Xororó

4 Que Bendición Raul Ornelas

Despite the downgrade, the CreditWatch listing was changed from negative to "in development." This indicates that, although the risk is high, there is progress in capitalization initiatives.

For the rating to rise again, the bank will need to execute the capitalization "in a timely manner and in sufficient volume", according to the Agency, in addition to publishing its delayed financial statements and providing clarity on the impacts of ongoing investigations. On the other hand, if capitalization fails or new information further compromises solvency, further downgrades may occur.

Source: CNN