Brazil corporate financial restructuring requests up 48.4% in May over April – Survey

The majority of refinancing requests involve micro and small companies. Compared to May 2020, there was a 2.1% drop in the total number of requests.

RIO DE JANEIRO, BRAZIL - The number of financial restructuring requests by companies reached 92 in May this year, representing an increase of 48.4% compared to April, according to a survey by Serasa Experian.

The majority concern micro and small companies. Compared to May last year (94 requests), there was a 2.1% drop in the total number of requests.

When analyzing sectors, services stood out with 62 requests in May 2021, followed by commerce (15) and industry (12).

In the case of bankruptcy filings, the data show that compared to May 2020, there was a 2.1% drop in . . .

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