Credit Ratings

First Republic Bank's latest credit ratings reflect our strong capital levels and credit quality.
(As of February 10, 2017)

Bank Credit Ratings

Moody's

Standard & Poor's

Fitch

Long-Term Deposits
A1 N/A A
Corporate Long-Term
A1 A- A-
Long-Term Issuer
Baa1

A-

A-

2.375% Senior Notes Due 2019
Baa1 A- A-
4.375% Subordinated Notes Due 2046
Baa1 BBB+ BBB+
4.625% Subordinated Notes Due 2047

Baa1**

BBB+**

BBB+**

Bank Preferred Stock Ratings

Moody's

Standard & Poor's

Fitch

6.20% Noncumulative Perpetual Series B Preferred Stock
Baa3 BBB- BB
5.625% Noncumulative Perpetual Series C Preferred Stock
Baa3 BBB- BB
5.50% Noncumulative Perpetual Series D Preferred Stock
Baa3 BBB- BB
7.00% Noncumulative Perpetual Series E Preferred Stock
Baa3 BBB-

N/A

5.70% Noncumulative Perpetual Series F Preferred Stock
Baa3 BBB- N/A
5.50% Noncumulative Perpetual Series G Preferred Stock
Baa3 BBB- N/A
Source: SNL Financial

Please note: 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.
**Expected ratings, as per Form 8-K filed February 7, 2017