Historical series Our Ratings
Credit ratings are assessments prepared by specialized agencies on the ability of companies and governments to honor their financial commitments within an agreed-upon period. They are relative assessments that compare the credit risks of debt issuers.
In the case of banks, the agencies assess liquidity, capitalization, profitability and credit quality ratios, among other relevant metrics for assessing the risk of financial institutions.
Itaú Unibanco Holding S.A., as well as its subsidiaries Itaú Unibanco S.A. and Itaú BBA International plc, are assessed by the world’s main two ratings agencies: Moody’s and Fitch Ratings.
The ratings on a global scale of Itaú Unibanco Holding S.A. and Itaú Unibanco S.A. are limited to the Brazilian sovereign rating.
Beside, you can consult our ratings published by the agencies.
| Itaú Unibanco Holding S.A. |
|||
|---|---|---|---|
| Long-term | Short-term | ||
|
Moody’s
|
Senior Unsecured MTN (Foreign) | (P)Ba2 | (P)NP |
| Issuer Rating (Domestic) | Ba2 (Stable) | NP | |
| Subordinate MTN (Foreign) | (P)Ba3 | (P)NP | |
| National Scale | AAA.br (Stable) | – | |
|
Fitch Ratings
|
Foreign Currency | BB+ (Stable) | B |
| Local Currency | BB+ (Stable) | B | |
| Subordinate debt | BB- | – | |
| National Scale | AAA(bra) (Stable) | F1+(bra) |
| Itaú Unibanco S.A. | |||
|---|---|---|---|
| Long-term | Short-term | ||
|
Moody’s
|
Bank deposits – Foreign Currency | Ba1 (Stable) | NP |
| Bank deposits – Local Currency | Ba1 (Stable) | NP | |
| Bank deposits – National Scale | AAA.br (Stable) | – | |
|
Fitch Ratings
|
Foreign Currency | BB+ (Stable) | B |
| Local Currency | BB+ (Stable) | B | |
| Subordinate debt | BB- | – | |
| National Scale | AAA(bra) (Stable) | F1+(bra) |
| Itaú BBA International plc |
|||
|---|---|---|---|
| Long-term | Short-term | ||
|
Moody’s
|
Bank deposits – Foreign Currency | A3 (Stable) | P-2 |
| Bank deposits – Local Currency | A3 (Stable) | P-2 | |
| Issuer – Foreign Currency | A3 (Stable) | – | |
| Issuer – Local Currency | A3 (Stable) | – | |
Fixed Income
As an important alternative source of financing, Itaú Unibanco Holding S.A, as well as its subsidiaries, such as Itaú Unibanco S.A. and Itaú BBA International plc, frequently access the primary market of international credit.
Itaú Unibanco S.A Holding holds an MTN program listed at the Luxembourg Stock.
| Issuing Company | Type | Notional Outstanding |
Currency | Coupon | Issue Date |
Maturity Date |
Next Call Date | ISIN (RegS) | ISIN (144A) | Related Documents (RegS) |
Related Documents (144A) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Itau Unibanco Holding SA/Cayman Island¹² | Tier 2 | 500 | USD | 3.875 | 01/12/2021 | 04/15/2031 | 01/15/2026 | US46556M2A90 | US46556L2A19 |  |
 |
| Itau Unibanco Holding SA/Cayman Island¹ | AT1 | 700 | USD | 4.625 | 02/19/2020 | – | 02/27/2025 | USP59699AB77 | US465562AA45 | |
|
| Itau Unibanco Holding SA/Cayman Island¹ | AT1 | 750 | USD | 7.859 | 03/12/2018 | – | 09/19/2023 | USP5R6DPAB67 | US46556UAC80 | |
|
| Itau Unibanco Holding SA/Cayman Island | SR | 1000 | USD | 6.00 | 02/20/2025 | 02/27/2030 | 01/27/2030 | US46556W2E95 | US46556W2E95 | |
|
1 – under the MTN PROGRAM
2 – sustainable