Brief: Fitch Downgrades UBS And Upgrades Credit Suisse On Closing Of Acquisition; Outlooks Stable

Credit Suisse AG

12/06/2023 10:59

June 12 (Reuters) - Credit Suisse Group AG  CSGN.S :
    * FITCH DOWNGRADES UBS AND UPGRADES CREDIT SUISSE ON CLOSING
OF
ACQUISITION; OUTLOOKS STABLE
    * FITCH - DOWNGRADED LONG-TERM IDRS OF UBS GROUP AG TO 'A'
FROM
'A+' AND OF UBS AG TO 'A+' FROM 'AA-'
    * FITCH SAYS UPGRADED CREDIT SUISSE AG'S LONG-TERM IDR TO
'A+'
FROM 'BBB+'

Source text for Eikon:  ID:nFIT19PT7R 
Further company coverage:  CSGN.S