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S&P gives BBB- to Itau Unibanco Holding notes
Standard & Poor’s said it assigned its BBB- rating to Itau Unibanco Holding SA’s (Itau; foreign currency: BBB-/stable/A-3; national scale: brAAA/stable/brA-1+) proposed dollar-denominated senior unsecured notes.
S&P said the ratings on Itau reflect its “very strong” business position, “moderate” capital and earnings, “adequate” risk position, “average” funding and “adequate” liquidity.
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