Macro & EconomiesEconomy

City of Rio de Janeiro

Brazilian subnational entity whose fiscal and credit standing is tracked by rating agencies and creditors.

3articles

4material mentions

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Last 90 days

What sources are saying

Fitch raised the city's long-term national rating from AA+ to AAA, the national scale's ceiling, with a stable outlook; no change was reported on the international scale.

Updated September 16, 2026 · 3 verified articles

Market transmission

Why it matters

Revenue, spending, indebtedness and ratings determine the city's cost of and access to credit operations and guarantees.

Explanatory mechanism, not a forecast or recommendation.

Articles in chronological order

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

EMPRESASBrazil

Rio court closes Light's judicial reorganisation after three years and R$ 11 billion restructured

The 3rd Business Court of Rio de Janeiro ruled on September 9 to close Light's judicial reorganisation, declaring all plan obligations verified in the supervision period fulfilled; the company reported the decision to the market and drops the in-reorganisation label from its records. The process, begun in May 2023, restructured about R$ 11 billion, including R$ 7 billion in debentures and R$ 3.1 billion in bonds.

4 sourcesSep 10, 2026

CRÉDITOBrazil

Fitch raises Rio de Janeiro city's national-scale rating to AAA

Fitch raised the city of Rio de Janeiro's long-term national-scale credit rating from AA+ to AAA, the scale's highest level, with a stable outlook. Part of the coverage describes the action as investment grade; the upgrade refers to the agency's national scale.

2 sourcesAug 16, 2026

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