Rating

Fitch Ratings

On May 25, 2026, Fitch Ratings affirmed Banese’s Long-Term National Rating at ‘AA+(bra)’ with a Stable Outlook, and its Short-Term National Rating at ‘F1+(bra)’. Banese’s national ratings reflect Fitch’s view that the bank would receive support from its controlling shareholder, the State of Sergipe, if needed. Fitch considers Banese to be strategically important, as it serves as the local government’s primary financial agent and holds a significant market share in loans and deposits within the state. According to the agency, the bank also features a stable and expanding business model, while consistently demonstrating increasingly stronger financial performance indicators in recent years.

Moody’s Local BR Rating Agency Ltd. (“Moody’s Local”)

Moody’s Local BR Rating Agency Ltd. (“Moody’s Local”) affirmed, on January 5, 2026, the long-term issuer and deposit ratings at AA-.br, as well as the short-term deposit rating at ML A-1.br, both with a stable outlook. The affirmation of Banese’s ratings reflects the combination of its individual credit profile and our assumption of an extremely high probability of support from its controlling shareholder, the Government of the State of Sergipe. This support is evidenced by capital contributions totaling R$ 150 million since 2023. Additionally, we consider Banese’s strategic role in Sergipe, given its significant participation in credit and deposits in the local market.

Rating Agencies Classification