A survey was carried out on the impacts of the new coronavirus on the economy and Nubank, which is one of the favorite banks of Brazilians, has an uncertain future, as well as many other banks.
In fact, the great impact of the new coronavirus pandemic coronavirus (Covid-19) has shaken the structures of many powers in society. Therefore, we know that this will be a constant national and international work in the coming years. Faced with this reality, measures need to be taken.
THE Standard & Poor's (S&P), did research on the impacts of the new crisis, and unfortunately we don't have good news. Standard is one of the largest credit rating agencies in the world. For researchers at the institution, the long-term rating perspective for the roxinho changed from stable to negative.
If you don't know, rating is a note that credit rating agencies assign to an issuer. This is done according to your ability to repay a debt.
According to fintech information, the evaluation due to the moment of risk is normal. Nubank also said that financial strength was highlighted, and that it has the resources to face the coronavirus crisis.
Crisis makes Nubank's future uncertain
But don't despair, the impact on Nubank, will only be felt in the long term and in an unknown way, that's what the experts say. Short- and medium-term operations and processes remain unchanged, according to S&P.
Another important piece of information to be highlighted by the agency is that despite the exponential growth recorded by Nubank in recent months, the conditions of the economy will have a real impact on the ability of financial institutions to continue their trajectory of surplus earnings.
It is worth remembering that Nubank has excellent and robust levels of liquidity and capital to manage its businesses. This has been efficient, even in the current moment of stoppage of the commercial sector and of services throughout the country.
However, owning few products can also be the salvation of roxinho, which will not have many ventures to manage like other banks and fintechs. Therefore, Nubank's future is uncertain.
Final thoughts on the damage caused by the new coronavirus
As far as we know, only in the year 2019, the Nubank recorded a loss of R$ 313 million, despite an increase in the number of customers. And in 2018 there were 5 million, and in 2019 there were 20 million new customers.
But here's the tip: if you're going to invest, make an investment in banks that have been in the market longer and have survived other crises!
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