On Tuesday, August 4, 2026, Iguatemi S.A. (IGTI11) reported that Fitch Ratings reaffirmed, on August 3, 2026, the company’s long-term national rating of AAA(bra) and that of its wholly owned subsidiary, Iguatemi Empresa de Shopping Centers S.A.
According to Fitch, Iguatemi’s rating reflects its business position as one of the leading shopping mall operators in Brazil, with a portfolio of high-quality properties, high occupancy rates and a diversified tenant base. The agency also highlights the defensive nature of its operations, supported by medium-term contracts with a significant fixed component and high operating margins, which results in cash generation capacity.
The Fitch report also notes that Iguatemi has a conservative capital structure, disciplined liquidity management and financial flexibility, supported by a broad base of unencumbered assets.
