Research Update: UBS Bank USA Assigned 'A-1' Short-Term Counterparty Rating Nov 09
- ID: 1752985
- November 2009
- Region: United States
- Standard & Poors
We consider UBS Bank USA to be strategically important to its ultimate parent, UBS AG. We are assigning our 'A-1' short-term counterparty rating to UBS Bank USA. We expect the company to maintain its strong asset quality and solid capital metrics. On Nov. 11, 2009, Standard & Poor's Ratings Services assigned its 'A-1' short-term counterparty credit rating to UBS Bank USA (UBS Bank). The rating on UBS Bank acknowledges the support provided by the company's direct parent, UBS Americas Inc., and its ultimate parent, UBS AG (A+/Stable/A-1). UBS Americas Inc. essentially provides the bank with most of its capital support and other ancillary services. Most of UBS Bank's funding consists of deposits from wealth management clients of UBS Bank's U.S....
Companies mentioned in this report are:
- UBS Bank USA
- UBS Americas Inc.
- UBS AG
Action: New Rating
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Product Type: Research Update
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