IRR310313.pdf - Banco Itaú
IRR310313.pdf - Banco Itaú
IRR310313.pdf - Banco Itaú
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Main Ratings<br />
As part of the revision of the ratings after the announcement of its new global methodology, the rating agency Moody’s decreased the<br />
ratings of the long-term subordinated debt issued by Brazilian banks, including <strong>Itaú</strong> Unibanco Holding, rating from Baa2 to Baa3. The<br />
table below includes other rating attributed to <strong>Itaú</strong> Unibanco by rating agencies.<br />
International Scale<br />
Domestic Scale<br />
Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term<br />
<strong>Itaú</strong> Unibanco Holding<br />
Fitch Ratings<br />
Standard & Poor's<br />
Moody's<br />
Moody's<br />
(<strong>Itaú</strong> Unibanco and<br />
<strong>Itaú</strong> BBA)<br />
Domestic Currency Foreign Currency Domestic Currency<br />
A- F1 BBB+ F2 AAA(bra) F1+(bra )<br />
Domestic Currency Foreign Currency Domestic Currency<br />
BBB A-2 BBB A-2 brAAA brA-1<br />
Issuer - Domestic Currency Issuer - Foreign Currency Issuer - Domestic Currency<br />
Baa1 P-2 Baa1 P-2 Aaa.br BR-1<br />
Domestic Currency Deposit<br />
Foreign Currency Deposit<br />
Domestic Currency<br />
A3 P-2 Baa2 P-2 Aaa.br BR-1<br />
Non–voting Shares (PN - ITUB4) Appreciation<br />
The chart below shows the evolution of R$ 100 invested on March 31, 2003 through March 31, 2013, by comparing the values, with and<br />
without reinvestment of dividends, to the performance of the Ibovespa and the CDI (Interbank Deposit Certificate).<br />
CAGR: 22.13%<br />
CAGR: 18.33%<br />
CAGR: 17.44%<br />
CAGR: 13.18%<br />
738<br />
538<br />
499<br />
345<br />
100<br />
Mar-03<br />
Sep-03<br />
Mar-04<br />
Sep-04<br />
Mar-05<br />
Sep-05<br />
Mar-06<br />
Sep-06<br />
Mar-07<br />
Sep-07<br />
Mar-08<br />
Sep-08<br />
Mar-09<br />
Sep-09<br />
Mar-10<br />
Sep-10<br />
Mar-11<br />
Sep-11<br />
Mar-12<br />
Sep-12<br />
Mar-13<br />
<strong>Itaú</strong> Unibanco's non-voting shares WITH reinvestments of dividends<br />
São Paulo Stock Exchange Index (Bovespa Index)<br />
<strong>Itaú</strong> Unibanco's non-voting shares WITHOUT reinvestments of dividends<br />
CDI<br />
Management Discussion & Analysis <strong>Itaú</strong> Unibanco Holding S.A. 40
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