First Republic Bank’s credit ratings reflect consistently strong capital levels, asset quality and liquidity.

As of March 31, 2021

Bank Credit Ratings

Moody’s Standard & Poor’s Fitch
Long-Term Deposits1 A1 A- A
Corporate Long-Term A1 A- A-
Long-Term Issuer Baa1

A-

A-

Short-Term Credit2 P-1 NR F1
2.50% Senior Fixed-Rate Notes Due 2022 Baa1 A- A-
1.912% Senior Fixed-to-Floating Rate Notes Due 2024 Baa1 A- A-
4.375% Subordinated Notes Due 2046 Baa1 BBB+ BBB+
4.625% Subordinated Notes Due 2047 Baa1 BBB+ BBB+

As of March 31, 2021

Bank Preferred Stock Ratings

Moody’s Standard & Poor’s Fitch
5.125% Noncumulative Perpetual Series H Preferred Stock Baa3 BBB- BB+
5.50% Noncumulative Perpetual Series I Preferred Stock Baa3 BBB- BB+
4.70% Noncumulative Perpetual Series J Preferred Stock Baa3 BBB- N/A
4.125% Noncumulative Perpetual Series K Preferred Stock Baa3 BBB- N/A
4.25% Noncumulative Perpetual Series L Preferred Stock Baa3 BBB- N/A
Source: S&P Global Market Intelligence

Credit ratings are specific to First Republic Bank. Agencies include Moody’s, Standard & Poor’s and Fitch. A credit rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization.


1Standard & Poor's does not provide a long-term deposits rating. The corporate long-term rating is shown.

2NR = Not Rated. Standard & Poor's no longer maintains a short-term credit rating on First Republic Bank.