Fitch Smiles on Itau-Unibanco Merger

Fitch Smiles on Itau-Unibanco Merger


Fitch has put Unibanco’s BBB rating on watch positive following the announcement of a merger with Banco Itau Holding Financeira (BHIF) to establish the largest private financial conglomerate in LatAm. “Given the realities of the challenging environment, BIHF's diversification of activities should provide a diversified revenue base sufficient to cushion against potential pressures on asset quality, and allowing internal capital generation,” says Fitch. It adds that while both banks have a track r

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