Fitch Affirms Itau Unibanco Holding S.A.'s IDRs at 'BB+'; Outlook Stable
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Fitch Ratings affirmed Itau Unibanco Holding S.A.'s IDRs at 'BB+' with a stable outlook, reflecting strong business and risk profiles. The Viability Rating was upgraded to 'bbb-' due to improved risk management and asset quality. The bank's ratings are supported by a well-balanced business, geographic diversification, and strong capital buffers. Despite Brazil's challenging environment, IUH maintains resilient earnings and asset quality, driven by disciplined strategic execution and proactive portfolio management. Fitch expects IUH to sustain its earnings resilience and efficiency in the coming years.
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