Fitch Ratings affirms JP Morgan at "A+" (LT Int. Scale (foreign curr.) credit rating); outlook stable

December 14, 2016 - CBonds

 

Fitch Ratings affirmed the "A+" LT Int. Scale (foreign curr.) credit rating of JP Morgan on December 13, 2016. The outlook is stable.
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Cbonds page: JP Morgan
Issuer profile:

As one of the world's premier investment banks, J.P. Morgan serves the needs of our clients by offering a world-class platform coupled with straightforward, intelligent advice. We attribute our long-term success to our commitment of always putting clients' interests first. Whether it's raising capital to meet growth objectives or identifying strategic business partners, J.P. Morgan offers M&A advisory, capital markets, prime brokerage, restructuring, risk and research platform of unrivaled strength and scale.

We were founded more than 200 years ago and have a proud history of, in the words of one of our founders, doing "only first-class business... in a first-class way."

J.P. Morgan serves Emerging Markets clients across origination, derivatives, trading, foreign exchange and research. Our global approach to Emerging Markets provides maximum reach, while a local presence in each market ensures client accessibility. Our focus is on selective, strategic opportunities to participate in developing and fast-growing local markets in Brazil, Colombia, Russia, the Middle East, China and India.

The Emerging Markets Research team analyzes sovereign and credit risk in Latin America, Central and Eastern Europe, Africa, the Middle East and Asia ex-Japan, and makes strategic recommendations for debt issued in both international and local capital markets.

The team also publishes a suite of bond indices, including the J.P. Morgan Emerging Markets Bond Index Global (EMBI Global), which tracks total returns for U.S. dollar denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds. Currently, the EMBI Global covers 188 instruments across 33 countries.

Outstanding issues:
7 issuesRUR5,210,000,000
100 issuesUSD135,059,934,000
22 issuesEUR23,978,300,000
3 issuesCAD2,450,000,000
2 issuesCHF400,000,000
4 issuesGBP1,880,000,000
3 issuesJPY78,900,000,000
1 issuesSEK3,000,000,000
2 issuesNOK2,500,000,000
2 issuesBRL210,767,000
1 issuesCLP18,000,000,000
1 issuesZAR2,100,000,000
2 issuesTRY450,000,000
7 issuesAUD2,650,000,000
4 issuesHKD1,503,000,000
1 issuesRON100,000,000
3 issuesMXN19,400,000,000
1 issuesINR281,300,000,000
4 issuesIDR3,383,262,000,000
1 issuesNZD500,000,000
1 issuesSAR555,000,000
Issuer rating:
Moody's Investors ServiceA3/StableLT- foreign currency05/28/2015
S&P Global RatingsA-/StableForeign Currency LT12/02/2015
S&P Global RatingsA-/StableLocal Currency LT12/02/2015
Fitch RatingsA+/StableLT Int. Scale (foreign curr.)12/13/2016