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'AA+/A-1+' Ratings on UBS AG Affirmed; Outlook Stable Aug 01
Standard & Poors, Aug 2001
Abstract
LONDON (Standard & Poor's CreditWire) Aug. 2, 2001--Standard & Poor's today affirmed its double-'A'-plus long-term and its 'A-1'-plus short-term credit ratings, and its double-'A' subordinated debt ratings on UBS AG (UBS) and related entities. The outlook remains stable. The ratings on UBS continue to be based on the group's strong market positions and franchises across a wide range of private banking and international securities activities, which provide a high degree of business and geographic diversification. The ratings also reflect solid profitability and strong capitalization, the combination of which still sets a standard for international banks generally. With total consolidated assets of Swiss franc (SFr) 1,217 billion ($703 billion) at March 31, 2001, UBS is the largest banking group in Switzerland...
Companies mentioned in this report are: UBS AG
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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