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 a credit rating upgrade from Moody’s Local on June 15th, raising its classification from ‘AA-.br’ to ‘AA.br’. Agibank is a subsidiary of Agi Inc.
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 RUSD35.5 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 capitalise on our unique business model in Brazil, combining the best of digital and physical channels and always prioritising customer priority and close relationships,” said Glauber Correa, CEO of Agibank.
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