August 16, 2021
Brazil's consumer indebtedness rises to record levels in 2020, a credit negative for banks
On 6 January, Brazil's Confederação Nacional do Comércio de Bens, Serviços e Turismo (CNC), the confederation of commerce, released survey results showing that consumer indebtedness reached record levels in 2020. The rise in household debt is credit negative for banks with significant unsecured consumer lending exposure, such as Banco do Brasil S.A. (Ba2/(P)Ba2 stable, ba21), Banco BradescoS.A. (B

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