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Summary: UBS AG LOC-Backed Ratings Lowered To 'AAA/A-1'; General Obligation; Joint Criteria Feb 09 Product Image

Summary: UBS AG LOC-Backed Ratings Lowered To 'AAA/A-1'; General Obligation; Joint Criteria Feb 09

  • Published: February 2009
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its rating on seven UBS AG letter of credit (LOC)-backed issues to 'AAA/A-1' from 'AAA/A-1+'. This action follows downgrade of UBS AG to A+/Stable/A-1 from AA-/Watch Neg/A-1+....

Companies mentioned in this report are:
- ProMedica Hlthcare Oblig Grp
- UBS AG

Action: Downgraded

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- ProMedica Hlthcare Oblig Grp
- UBS AG

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