Relevant Fact

03/10/2024

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG informs the general market that, on October 3rd, 2024, Moody’s Investors Service upgraded BDMG’s issuer rating on global scale to ‘B1’, from ‘B2’, maintaining the outlook as positive.

Relevant Fact

27/08/2024

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG informs the general market that, on August 2nd, 2023, Moody’s Investors Service affirmed BDMG’s B2 issuer rating on global scale, maintaining the outlook as positive.

Relevant Fact

17/11/2023

The Development Bank of Minas Gerais (BDMG) announces that, on November 17, 2023, Moody’s Local BR raised BDMG’s issuer rating on the national scale to ‘A.br’ from ‘BBB+.br’, with a positive outlook.

Relevant Fact

16/11/2023

The Development Bank of Minas Gerais (BDMG) announces that, on November 16, 2023, S&P Global Ratings raised the rating on the national scale to ‘brA’ from ‘brA-‘, with a stable outlook, and reaffirmed the BDMG’s issuer rating at ‘B’ on the global scale, with a stable outlook.

Relevant Fact

22/09/2023

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG informs the general market that, on September 22nd, 2023, Moody’s Investors Service affirmed BDMG’s B2 issuer rating on global scale, changing the outlook from stable to positive.

Relevant Fact

05/04/2023

Banco de Desenvolvimento de Minas Gerais (BDMG) hereby informs the general market that, on April 3rd, 2023, the new Vice-President of BDMG, Antônio Claret de Oliveira Junior, took office, elected by the Board of Directors on February 28th, 2023, in which the Central Bank confirmed the process on March 21st, 2023.

Relevant Fact

28/02/2023

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG hereby informs the general market that, on February 28 th 2023, the Board of Directors approved the appointment of Mr. Gabriel Viegas Neto as Chief Executive Officer.

Relevant Fact

03/02/2023

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG informs the general market that, on February 2nd, 2023, Mr. Marcelo Ângelo de Paula Bomfim tendered his resignation letter for the position of CEO. According to the sole paragraph of Article 31 of BDMG’s Articles of Incorporation, the Vice-President, Gabriel Viégas Neto, will act as CEO of the institution on an interim basis.

Relevant Fact​

23/01/2023

Banco de Desenvolvimento de Minas Gerais S.A. – BDMG informs the general market that, on 11th January 2023, the Brazilian Central Bank approved the amendment to the Articles of Incorporation, the transfer of shares of the shareholder Companhia de Desenvolvimento de Minas Gerais (CODEMGE) to the shareholder Estado de Minas Gerais (State of Minas Gerais), and the authorized capital increase to R$3.000.000.000.00, as voted on the Extraordinary General Meeting as of 23rd December 2022.

Relevant Fact

25/10/2022

The Banco de Desenvolvimento de Minas Gerais (BDMG) hereby informs that the National Treasury’s Commission for External Financing (Cofiex) approved, on Tuesday (10/25/22), BDMG’s funding project with the New Development Bank (NDB) in the amount of US$200 million, entitled “Financing Program for Infrastructure and Sustainable Development in the State of Minas Gerais”. Due to the solid financial foundations of BDMG, the resources will be operationalized, for the first time, under the sovereign guarantee of the Federal Government, which will provide significant advantages in terms of funding costs. The resources must necessarily be allocated to projects linked to the Sustainable Development Goals (SDGs), covering both financing for regional development and infrastructure expansion by the public sector (municipalities), and for companies of all segments and sizes. This is the first direct contribution of NDB’s resources in Minas Gerais, in line with BDMG’s strategy of reconciling funding diversification with increasingly competitive funding.

Relevant Fact

06/12/2018

The Development Bank OF Minas Gerais (BDMG) announces that on December 6, 2018, S & P Global Ratings upgraded BDMG to “B” from “B-” on long-term global scale the and “brA-” of “brBBB-” on a long-term national scale, due to lower risk of intervention of  the State of Minas Gerais in the bank. The agency also reviewed the SACP to “b” from “b +”.

S & P considered that, despite the financial stress faced by the State of Minas Gerais, BDMG’s shareholder, there is no evidence of a negative intervention in the bank, through withdrawal of funds or any other form of reduction of the bank’s financial flexibility. Thus, S & P Global believes that, as the risk of a negative intervention is lower than previously expected, than the constraints previously imposed on the rating no longer apply.

Regardless of the challenges faced by the state economy, the BDMG reinforces its commitment to fostering the sustainable socioeconomic development of Minas Gerais and maintaining the support of its controller to its mission.

Relevant Fact

15/12/2016

The Development Bank OF Minas Gerais (BDMG) announces that on 12/12/16, Moody’s Investors Service reaffirmed the ratings, “B1” on long-term global scale, “Baa3.br” on long-term national scale and “BR-3” on short-term national scale. The outlook on BDMG’s rating is negative following the outlook on the rating of the state. In this credit opinion, Moody’s confirms the BDMG’s stand alone credit profile in “B1”, pointing out as positive factors its key role in regional economic development program fully aligned with the objectives of the its owner, the State of Minas Gerais; supported by conservative dividend payout policy, adequate capitalization levels and higher funding diversification versus peers.

On 12/14/16, S & P Global Ratings downgraded the institution to “B-” from “BB-” on the global scale and to “brB-” from “brA” on the Brazilian national scale with a negative outlook due to its shareholder, the state of Minas Gerais, downgrade occurred on previous day. The report highlights that BDMG keeps its stand-alone credit profile (SACP) in “BB-“, enjoying adequate liquidity and risk positions and a strong capital structure. Despite the recessionary macroeconomic scenario that has penalized companies and governments, BDMG reaffirms its commitment to fostering the sustainable socioeconomic development of Minas Gerais and the support of its controller. This fact was confirmed in September when the Shareholders’ Meeting approved the increase of BRL$ 100 million in the bank’s capital, half paid immediately and half to be paid in one year, according to the applicable legislation.