Credit Ratings

First Republic Bank's latest credit ratings reflect our strong capital levels and credit quality.

Bank Credit Ratings

As of December 31, 2018

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 Rating
 P-1 A-2 F1
2.375% Senior Notes Due 2019
 Baa1 A- A-
2.500% Senior Notes Due 2022
 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

As of December 31, 2018

Moody's

Standard & Poor's

Fitch
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- BB
5.125% Noncumulative Perpetual Series H Preferred Stock
 Baa3 BBB- BB
5.50% Noncumulative Perpetual Series I 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.


1S&P does not provide a Long-Term Deposits rating; the Corporate Long-Term Credit rating is shown.