March 7, 2023 Download

Credit Trends in Brazil

Written by Elizabeth Mejia-Ricart, Deepaloke Chattopadhyay, Sharon Ovadia, Scott Barton

2nd Order Solutions has seen a sharp rise in new credit acquisitions in Brazil amid a high interest rate environment, which has led to debt-to-income levels that are at an all-time high. This whitepaper explores the consequences of this rapid increase in debt-to-income, uncovering a concerning risk outlook ahead. In addition to deep diving into the delinquency trends, this report uncovers specific populations that have been hit the hardest and suggests what lenders should do to help mitigate the risk.