Defaults in Brazil fall to 5.6% in February, reports Central Bank

The default ratio for balances of non-payment over 90 days in the non-earmarked credit segment was at 5.6% last month, a fall of 0.1% from the measure in January according to the Central Bank. For earmarked credit, there was a slight increase of 0.1% taking the overall rate to 1.9%.

The overall default rate remained stable for the third consecutive month at 3.7%, with defaults remaining unchanged for households (4.0%) and companies (3.5%).

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