【环球财经】Coface拉美区总裁：巴西企业信贷风险尚未到达峰值

Core Insights - The CEO of Coface Latin America, Marcela Lemos, indicated that corporate default risks are rising due to increased financing costs and cash flow pressures, and that Brazil's credit risk has "not yet peaked" [1] - Despite the Brazilian central bank pausing interest rate hikes, credit conditions remain tight, making financing more difficult for companies, while rising consumer default rates further threaten corporate cash flow [1] - Lemos anticipates an increase in corporate bankruptcies and judicial reorganizations in the coming months [1] - The intensification of international trade tensions, particularly due to high tariff policies introduced by former U.S. President Trump, has led more companies to focus on export transaction risk protection, resulting in increased demand for credit insurance [1] - Lemos noted that the business environment is filled with uncertainty and that the global economy remains complex and volatile, suggesting that the most challenging times have not yet arrived [1] - Although corporate defaults are rising in many countries, the credit insurance market in Brazil is still underdeveloped, with many companies lacking understanding of this risk management tool [1] - Cultural conservatism is identified as the primary barrier to the widespread adoption of credit insurance, as it is often viewed as a cost rather than an investment safeguard [1] Company and Industry Overview - Coface is headquartered in Paris, France, and is one of the leading credit insurance institutions globally, providing trade risk protection, debt recovery, and risk assessment services primarily to export companies, manufacturing firms, and financial institutions in Latin America [2]