Brazil corporate delinquency hits record 9.2M firms, R$238.6B in debt

Brazilian business delinquency reached a record 9.2 million companies in July 2026, with total debt of R$238.6 billion, according to Serasa Experian. This signals deteriorating credit conditions for small and medium enterprises, pressuring cash flows and potentially increasing default risk for lenders. The trend underscores a stressed corporate environment, though the data is from July and may not reflect recent improvements.