Credit recovery in Brazil fell 6.9% year over year in February, according to credit research company Boa Vista SCPC.
Compared to the previous month, the credit recovery indicator declined 4.1%. For the 12-month period ending in February, the index fell 0.6%.
The credit recovery indicator is derived from the number of removals from the delinquency records of Boa Vista's database.
The latest trend in the index points to the start of a process of default stabilization, following a long period of decline, Boa Vista said. The credit research firm expects a more consistent evolution in the indicator this year as the financial situation of families becomes more favorable due to developments in income and a decline in unemployment.