AM Best and Fitch Ratings confirm credit ratings for Solunion and Banco Rendimento

AM Best has confirmed the financial strength rating of Solunion at ‘A (Excellent)’ and its long-term issuer credit rating at ‘a+ (Excellent)’, both with a stable outlook. The agency cited a ‘very solid’ balance sheet, positive operational performance, and effective risk management. Solunion benefits from the strategic support of shareholders, including Allianz Trade and Mapfre, which provides specialized credit expertise and extensive distribution channels. The company has also seen growth through geographic diversification in Latin America.

In Brazil, Fitch Ratings has reaffirmed the national long-term rating of Banco Rendimento at ‘AA-(bra)’ and its short-term rating at ‘F1+(bra)’, also with a stable outlook. The decision reflects the bank's consistent business diversification strategy, moving from its traditional leadership in foreign exchange into corporate retail, credit cards, and Banking as a Service (BaaS). Fitch noted the institution's resilient profitability, moderate risk profile, and adequate regulatory capital levels.