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Research Update: Ratings On Swiss Cantons Of Graubuenden, Lucerne, And Schwyz Converted To Unsolicited Dec 11 Product Image

Research Update: Ratings On Swiss Cantons Of Graubuenden, Lucerne, And Schwyz Converted To Unsolicited Dec 11

  • ID: 2034676
  • December 2011
  • Region: Switzerland
  • Standard & Poors

Abstract
Standard & Poor's is converting its issuer credit ratings on the Swiss cantons of Graubuenden, Lucerne, and Schwyz to "unsolicited" in line with EU regulations. The ratings on the cantons serve as a component of the ratings on Graubuendner Kantonalbank, Luzerner Kantonalbank, and Schwyzer Kantonalbank, which remain solicited. On Dec. 19, 2011, Standard & Poor's Ratings Services converted its issuer credit ratings on the Swiss cantons of Graubuenden (AA+/Stable/A-1+), Lucerne (AA+/Stable/A-1+), and Schwyz (AAA/Stable/A-1+) to "unsolicited". We are converting the ratings in line with EU regulations as we do not have rating agreements with the three cantons. Article 10 of EU Regulation 1060/2009, which addresses matters relating to the disclosure and presentation of credit ratings, requires, among other things, that...

Companies mentioned in this report are: Graubuenden (Canton of),Schwyzer Kantonalbank,Schwyz (Canton of),Graubuendner Kantonalbank,Luzerner Kantonalbank,Lucerne (Canton of)
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

Graubuenden (Canton of),Schwyzer Kantonalbank,Schwyz (Canton of),Graubuendner Kantonalbank,Luzerner Kantonalbank,Lucerne (Canton of)

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