FITCH RATINGS MOODY´S INVESTORS SERVICE STANDARD
Transcrição
FITCH RATINGS MOODY´S INVESTORS SERVICE STANDARD
FITCH RATINGS MOODY´S INVESTORS SERVICE International Scale Foreign Currency (1) Domestic Scale (1) Domestic Currency Domestic Support Feasibility aaa 1 aa 2 Longterm Shortterm Longterm AAA F1 AAA Shortterm F1 AAA(bra) F1+(bra) Foreign Currency Debt Domestic Currency Deposit Longterm(2) Shortterm Longterm(2) Longterm(2) Aaa P-1 Aaa Aaa Aa Aa A3 P-1 Aaa.br Shortterm BR-1 Individual Foreign Currency Credit Risk ShortProfile Long-term(1) term A/aaa A-/aa1 Shortterm brA-1 brAAA AA A-2 AA A-2 brAA brA-2 AA A-2 A-3 brA brA-3 A A-3 A A(bra) F3(bra) A P-3 A B BBB B BBB(bra) B(bra) Baa2 NP Baa1 Baa BB C BB C BB(bra) C(bra) Ba Ba Ba Ba.br B-/a1 BB B-1 bb B RD B D B(bra) D(bra) B B B B.br C+/a2 B b CCC D CCC Caa Caa Caa Caa.br C/a3 CCC(bra) Longterm(1) brAAA F3 5 Shortterm Corporate Governance Short-term (3) A-1 A- bbb Long-term(1) Longterm(1) AAA F3 BBB+ Issuer’s Credit Rating R & I Inc. Domestic Scale A-1 Aa 4 Domestic Currency AUSTIN RATING Domestic Scale AAA F2(bra) a- P-2 Longterm(2) International Scale – Issuer’s Credit Rating AA(bra) A P-2 Shortterm Domestic Currency Financial Strength/ F2 3 F2 Longterm Foreign Currency Deposit STANDARD & POOR’S Domestic Scale AA a AA Shortterm (1) International Scale Aa.br BR-2 P-3 A.br BR-3 B+/aa2 A A-3 A NP Baa.br BR-4 B/aa3 BBB B BBB brA-1 International Scale Issuer Rating (1) AAA AAA brAA+ AA A B brBBB brB BBB B BBB BB B-1 brBB brC BB C BB BB B-2 B B-2 brB brSD B D B B CCC B-3 CCC B-3 brCCC brD CCC CCC CCC CC C CC C brCC CC CC CC D+/baa3 – ba1 brSD C C C brD C-/baa1 – (5) baa2 ccc CC CC CC(bra) Ca Ca Ca Ca.br cc C C C(bra) C C C C.br c RD RD DDD(bra) D/ba2 D D DD(bra) D-/ba3 D(bra) E+/b1, b2, b3 BBB E/caa1, caa2, caa3 Brazilian Sovereign Rating (4) BBB F3 BBB Baa2 (1) Plus (+) and minus (-) signs are used to identify a better or worse position within the same rating scale. (2) Numeric modifiers 1, 2 and 3 are added to each generic rating from Aa to Caa, meaning lower or higher risk in the same category. (3) This was the first corporate governance rating granted in Latin America. It acknowledges that Bradesco adopts great corporate governance practices, with a quality relationship policy based on transparency and ethics. (4) Sovereign rating of a country is an evaluation on the country’s capacity and will to honor its existing and future obligations up to maturity. (5) Bradesco’s individual credit risk profile is 'baa1' (1 level above the sovereign rating). Ratings considered speculative or lower than the satisfactory risk level (in the corresponding columns). baa2 BBB A-2 A- A-2 brAAA BBB Insurance Companies and Savings Bonds Seguros Fitch Ratings Capitalização Standard & Poor’s Standard & Poor’s Escala Nacional Escala Global Escala Nacional Escala Nacional Rating Nacional de Força Financeira de (1) Seguradora Rating Internacional de Força Financeira de (1) Seguradora Rating de Capacidade Financeira América (1) Latina Rating de Emissor (1) América Latina AAA(bra) AAA brAAA brAAA AA(bra) AA brAA brAA A(bra) A- brA brA BBB(bra) BBB brBBB brBBB BB(bra) BB brBB brBB B(bra) B brB brB CCC(bra) CCC brCCC brCCC CC(bra) CC brCC brCC C(bra) C brSD brSD DDD(bra) DDD brD brD DD(bra) DD D(bra) D