...Group Approach: Fitch Ratings rates Banco C6 S.A. and Banco C6 Consignado, collectively referred to as C6, with identical ratings, reflecting the consolidated assessment of the group. This reflects the agency's view that the institutions share the same default risk, as C6 Consignado S.A. is a wholly-owned subsidiary of C6, operating in its core business. The institutions exhibit high fungibility of capital and liquidity, as well as strong operational integration. Expanding Business Model: C6 has expanded rapidly in recent years, strengthening its position in the Brazilian banking market. Its digital operating model supports cost-efficiency scaling, customer monetization and revenue growth. Total Operating Income reached USD1.2 billion in 1H26 (from USD696 in 1H25). The bank has diversified its business mix, although auto loans and payroll-deductible lending remained its dominant segments, accounting for approximately 30% and 45% of the portfolio, respectively, at June 2026. Payroll lending...
