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Examples

  • Although IUH's IDRs are driven by its viability rating; its foreign currency long term IDR is constrained by the country ceiling.

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  • IUH's ratings could be pressured by a sustained deterioration in its credit metrics such as a strong increase in delinquencies.

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  • IUH's capital ratios are considered adequate and are in line with other similarly rated banks, especially considering the good track record of the banks in terms of profitability and limited loan losses.

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  • Controlled by the Egydio de Souza Aranha and Moreira Salles families, IUH is the largest private financial conglomerate in Brazil and Latin America.

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  • If the country ceiling is altered by Fitch, IUH's rating could be changed accordingly.

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  • IUH's, Itau BBA's and IU's Long-term local currency IDRs of 'A-' and their long-term foreign currency IDR of 'BBB+' are above those of Brazil, while the foreign currency IDRs are constrained by the country ceiling.

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  • IUH's recent profitability indicators remain satisfactory and its sources of revenue are well-diversified.

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