Credit Ratings

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

Bank Credit Ratings

As of March 10, 2020

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
2.500% Senior Notes Due 2022
Baa1 A- A-
1.912% Senior Notes Due 2024
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 March 10, 2020

Moody’s

Standard & Poor’s

Fitch

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- BB
4.70% Noncumulative Perpetual Series J Preferred Stock
Baa3 BBB- N/A
Source: SNL Financial

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.


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

2NR = Not Rated. S&P no longer maintains a short-term credit rating on First Republic Bank.