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Research Update: UBS Commodities Canada Ltd. Rated 'AA'; Outlook Stable Dec 07 Product Image

Research Update: UBS Commodities Canada Ltd. Rated 'AA'; Outlook Stable Dec 07

  • Published: December 2007
  • Region: Canada
  • Standard & Poors

Abstract
On Dec 12, 2007, Standard & Poor's Ratings Services assigned its 'AA' long-term counterparty credit rating to Calgary, Alta.-based UBS Commodities Canada Ltd (UBS CC; the company). The outlook is stable. The rating on UBS CC reflects the implied and demonstrated support of its very strong parent, UBS AG (AA/Stable/A-1+), and thus UBS CC shares the same published rating as UBS AG. Standard & Poor's believes UBS CC to be an integral part of the UBS Group as it represents a sizable portion of the group's global commodities business, measured by both contributions to global commodities earnings and a percentage of global commodities risk-weighted assets. Through strong ties, the company benefits and leverages off the strength of the consolidated entity's...

Companies mentioned in this report are:
- UBS Commodities Canada Ltd.
- UBS AG

Action: New Rating

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 READ MORE >

- UBS Commodities Canada Ltd.
- UBS AG

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