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Moody's: Itau Unibanco debt Baa2
Moody's Investors Service said it assigned a Baa2 foreign currency subordinated debt rating to the proposed unsecured subordinated debt issuance of Itau Unibanco Holding SA, acting through its Grand Cayman Branch, due August 2022.
The outlook is positive.
Moody's said that the subordination of the new issuance is considered by applying a one-notch differential from Itau Unibanco's Baa1 global local currency issuer rating, with positive outlook, as per Moody's notching convention.
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