THEBanking, a complete digital bank in financial services and payment methods, elected the best PJ account by the iDinheiro portal and the 2nd best bank in Brazil by Forbes, had its rating attributed byMoody's Local Brazilcredit rating agencyMoody's, one of the most prestigious agencies in the capital markets, assigned to PagBank, therating AAA br, with a stable perspective.The AAA rating is the highest level on the national scale, and the assessment is based on the analysis of the bank's consolidated financial data.
According to the analysts responsible for the Moody's report, PagBank's rating reflects its significant competitive position in the acquiring industry, with a strong presence in the long tail (micro businesses, freelancers) and small and medium-sized enterprises (SMEs), as well as solid results reported in recent years, with net revenues over TPV above its peers, and comfortable liquidity management. The report also mentions the work carried out by the company in the growth and diversification of its product portfolio in the banking segment.
The new certification adds to the achievement also obtained with the global agency S&P Global Ratings, which in August 2023 awarded the digital bank themaximum score brAAA. Standard & Poor's and Moody's are benchmarks as global credit rating agencies and their ratings are widely respected by investors.
“In less than a year, and proving PagBank’s solidity and reliability, both S&P and Moody’s have positioned our bank with the highest rating on the scale (AAA br). For our 31.4 million customers, this is proof of security and stability, confirming our solid and committed financial management. For shareholders, this high rating attests to the attractiveness of our shares. And for investors, especially long-term investors, the high rating is a sign of a safe and stable investment, with expectations of consistent returns and low risk,” celebrates Alexandre Magnani, CEO of PagBank.
One of the largest digital banks in the country by number of customers, PagBank offers tools for in-person and online sales, a complete digital account for individuals and businesses, automatic investments and CDBs with yields of up to 130% of the CDI – with instant withdrawals and goal-based investments, as well as features that contribute to financial management, such as Payroll. At PagBank, the credit card has a guaranteed limit, and investments become a limit for the card itself, enhancing customers' earnings*, in addition to generating up to 1% cashback on the bill, one of the highest in the market. At PagBank, those with active and inactive balances in the FGTS can request early withdrawal, and it is also possible to contract the INSS payroll loan for retirees and pensioners directly through the PagBank app.
