Moody's rates Itau Unibanco debt Baa2

Moody's Investors Service said it assigned a Baa2 foreign currency debt rating to the proposed subordinated debt issuance by Itau Unibanco Holding SA, acting through its Grand Cayman Branch, due 2023.

The outlook is positive.

Moody's said that subordination of the new note issuance is considered by applying a one-notch differential from Itau Unibanco's Baa1 global local currency issuer rating, with a positive outlook, as per Moody's notching convention.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.