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Credit guarantees

Structures that distribute default risk and condition financing transactions.

7articles
11material mentions
7connections
07
OrganizationBRB3 shared articles ↗MacroPublic Debt2 shared articles ↗SectorBrazilian banks2 shared articles ↗OrganizationFGC2 shared articles ↗OrganizationB31 shared article ↗OrganizationBNDES1 shared article ↗EconomyCity of Rio de Janeiro1 shared article ↗

Last 90 days

What sources are saying

Formation of BRB's guarantee syndicate remains incomplete, preserving uncertainty over transaction execution.

Updated September 17, 2026 · 6 verified articles

Market transmission

Why it matters

Guarantee quality, cost and availability affect timing, funding, capital and transaction execution.

Explanatory mechanism, not a forecast or recommendation.

Articles in chronological order

07
MACROBrazil

Treasury honours R$ 79.95 million in state and municipal guarantees in August and totals R$ 3.13 billion in 2026

The National Treasury honoured R$ 79.95 million in August in Union-guaranteed debts of states and municipalities that failed to pay creditors, lifting the 2026 total to R$ 3.13 billion; since 2016 the Union has paid R$ 89.66 billion in guarantees and recovered R$ 6.06 billion through counter-guarantees, with R$ 79.85 billion relating to states in the Fiscal Recovery Regime, which suspends counter-guarantee execution, R$ 1.90 billion linked to ICMS loss compensation and R$ 522.39 million blocked by court rulings.

3 sourcesSep 15, 2026
MACROBrazil

CMN expands the 2026 credit limit for states and municipalities by R$ 2 billion, to R$ 28.6 billion

The National Monetary Council raised the global limit for credit operations by states, the Federal District and municipalities in 2026 from R$ 26.625 billion to R$ 28.625 billion. The sub-limit with a federal guarantee rose from R$ 7 billion to R$ 8.5 billion and the one without a guarantee from R$ 6 billion to R$ 6.5 billion, drawing on R$ 7.87 billion of unused room.

2 sourcesSep 14, 2026
MACROBrazil

Lula signs law making Move Brasil permanent, with R$ 30 billion in credit for app drivers and taxi drivers

Lula signed on September 14 the law that turns Move Brasil into a permanent policy, a credit programme for new vehicle purchases by app drivers, taxi drivers, delivery workers and, now, school transport, with R$ 30 billion operated by BNDES, of which R$ 5 billion has already been used for about 48,000 cars and 20,000 motorcycles. The rules set vehicles of up to R$ 200,000, up to 84 instalments with a six-month grace period, interest of 12.6% a year for men and 11.5% for women, a six-month requirement of active platform registration instead of twelve, and 80% FGI coverage of operations.

3 sourcesSep 14, 2026