On Friday, August 28, 2026, ALLOS S.A. (ALOS3) reported that Fitch Ratings reaffirmed the company’s National Long-Term Rating of ‘AAA(bra)’. The agency also reaffirmed the same rating for BR Malls Participações S.A., a wholly owned subsidiary of ALLOS, and for its 11th debenture issuance (debt securities issued by companies). The outlook for the corporate ratings was maintained as stable.
According to Fitch Ratings, ALLOS’s rating reflects its business position as the largest shopping mall operator in Brazil in terms of gross leasable area (GLA), with a diversified property portfolio, high occupancy rates and a well-diversified tenant base. The agency also highlights the company’s consistent operating cash generation, strong liquidity, capital structure considered conservative, and financial flexibility, supported by a large base of unencumbered assets that facilitates access to credit.
