Inter&Co, Inc
BELO HORIZONTE, Brazil, May 31, 2024 (GLOBE NEWSWIRE) — 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,…
