FITCH RATINGS MOODY´S INVESTORS SERVICE STANDARD

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