Solis tightens consigned credit criteria as delinquency rises

Solis Investimentos, a Brazilian asset manager, is tightening its investment criteria for consigned (payroll-deducted) loans due to rising delinquency and reduced profitability. Partner Ricardo Binelli notes originators are abandoning the aggressive stance adopted when the modality launched. This signals growing stress in Brazilian consumer credit and a more cautious stance among institutional investors.

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