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Moody's Ratings withdraws Cielo S.A.'s rating for business reasons

Moody's Ratings (Moody's) has withdrawn the Ba2 corporate family rating (CFR) of Cielo S.A. (Cielo). The outlook prior to the withdrawn was stable. RATINGS RATIONALE We have decided to withdraw the rating(s) for our own business reasons. Please refer to Moody's Ratings' Withdrawal of Credit Rati...

Cielo S.A. - September 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A.: Update following affirmation

Our credit view of this issuer reflects its adequate credit metrics, offset by its increased competition in the cards and electronic payment industry

Cielo S.A. - June 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's Ratings affirms Cielo's Ba2 ratings; outlook stable

Moody's Ratings (Moody's) has affirmed Cielo S.A. (Cielo)'s Ba2 Corporate Family Ratings. The outlook is stable. The affirmation follows the approval of a tender offer by controlling shareholders, Banco do Brasil S.A. (Banco do Brasil, Ba2 positive) and Banco Bradesco S.A. (Banco Bradesco, Ba2 pos...

Cielo S.A. - March 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A. - December 2023 (LTM): Peer Snapshot 

Compares key performance metrics against industry peers.

Cielo S.A. - September 2023 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A.: Update to credit analysis

Our credit view of Cielo S.A. reflects its adequate credit metrics, offset by its increased competition in the cards and electronic payment industry.

Cielo S.A. - June 2023 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A. - March 2023 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A. - December 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A. - September 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A. - June 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Cielo S.A.: Update to credit analysis

Our credit view of Cielo reflects its leading position in the domestic cards market, prudent financial policy, compared to higher competitive pressure and deterioration in margins since 2018

Cielo S.A. - March 2022 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

Cielo S.A. - December 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

Cielo S.A. - September 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers

Cielo S.A.: Update following downgrade to Ba2

Our credit view of Cielo reflects its leading position in the Brazilian market, tempered by increased competition in the electronic payment sector.

Cielo S.A. - June 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

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