Brief: S&P Says Raised Our Long-Term Issuer Credit Rating On Credit Suisse Group AG To 'A-' From 'Bbb-'

Credit Suisse AG

12/06/2023 09:09

June 12 (Reuters) - 
  
    * S&P - VARIOUS RATING ACTIONS TAKEN ON CREDIT SUISSE AND
UBS
GROUP ENTITIES AFTER MERGER COMPLETION
    * S&P - RAISED OUR LONG-TERM ISSUER CREDIT RATING ON CREDIT
SUISSE
GROUP AG TO 'A-' FROM 'BBB-'
    * S&P - ASSESS CREDIT SUISSE'S RATED EUROPEAN AND U.S.
OPERATING
COMPANIES HIGHLY STRATEGIC TO UBS; THEREFORE UPGRADED ENTITIES
TO 'A/A-1' FROM 'A-/A-2'
    * S&P SAYS WITHDREW THE RATINGS ON CREDIT SUISSE GROUP AG'S
RATED
DEBT ISSUANCE PROGRAMS, EXCEPT THE SENIOR UNSECURED DEBT
INSTRUMENTS
    * S&P - THE EXECUTION RISK FROM THE INTEGRATION AND
RESTRUCTURING
OF CREDIT SUISSE IS THE MAIN CONSIDERATION FOR OUR RATINGS ON
UBS GROUP AG

Source text: [https://bit.ly/43xvBxr]
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