Long-term ratings are opinions given by specialized rating agencies about the relative credit risk of a company related to its financial obligations.
Ambev was the first brazilian company to obtain the Investment Grade status in foreign currency, by the agencies Standard & Poor´s and Fitch.
The table below shows Ambev´s ratings, according to 2 different agencies.
| Agency | Local Currency Rating | Foreign Currency Rating | National Scale | Outlook | Last update |
|---|---|---|---|---|---|
| S&P | BBB+ | BBB+ | brAAA | Stable | Dez/23 |
| Moody´s | Baa3 | Baa3 | Aaa.br | Stable | Nov/23 |
| S&P | Moody´s |
|---|---|
| AAA | Aaa |
| AA+ | Aa1 |
| AA | Aa2 |
| AA- | Aa3 |
| A+ | A1 |
| A | A2 |
| A- | A3 |
| BBB+ | Baa1 |
| BBB | Baa2 |
| BBB- | Baa3 |
| BB+ | Ba1 |
| BB | Ba2 |
| BB- | Ba3 |
| B+ | B1 |
| B | B2 |
| B- | B3 |
| CCC+ | Caa1 |
| CCC | Caa2 |
| CCC- | Caa3 |
| CC | Ca |
| CD | C |
