Moody's assigns debut AA+.br ratings to Inter, recognizing strong financial position
May 31 2024 - 10:16AM
Inter&Co (NASDAQ: INTR), the leading financial super app
serving over 32 million customers across the Americas, is pleased
to announce that Moody's has assigned Banco Inter in Brazil with
first time AA+.br long-term issuer and deposit ratings, along with
a stable outlook. These debut ratings from Moodys highlight Inter's
strong financial position and reflect its expanding digital retail
banking model and growth in profitability.
Moody's report emphasized Inter's consistent
expansion of operations while maintaining robust capital levels and
low funding costs. The ratings also recognize Inter's strong risk
management practices, with controlled delinquency levels and
prudent credit risk policies.
"We are proud of the ratings assigned by
Moody's, which further validate our position in the market," said
Joao Vitor Menin, CEO of Inter&Co. "We remain committed to
delivering exceptional services and value to our customers and
shareholders and fulfilling our 60-30-30 plan."
The ratings affirmation reinforces Inter's
dedication to maintaining a strong financial position and
delivering reliable services to its growing customer base. Per the
report, Moody's expects Inter to continue its growth in
profitability and maintain asset quality and capital levels in the
future.
About Inter&Co:Inter&Co
(NASDAQ: INTR), the company that controls Banco Inter in Brazil and
the subsidiary Inter&Co Payments, is the pioneering financial
super app serving over 32 million customers across the Americas.
The Inter&Co ecosystem offers a broad array of services,
including banking, investments, mortgages, credit, insurance, and
cross-border payments. The financial super app also boasts a
dynamic marketplace, linking consumers with shopping discounts,
cashback rewards, and exclusive access to marquee events across the
globe. Focused on innovation and captivating member experiences,
Inter&Co delivers comprehensive financial and lifestyle
solutions to meet the evolving needs of modern consumers.
For IR
inquires:ir@inter.cosantiago.stel@inter.co
For press
inquiries:inter@chemistrycultura.comkaio.philipe@inter.co
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