UBS Bank USA 'A-1' Short-Term Rating Removed From CreditWatch Negative And Affirmed Jan 12
Standard & Poors, January 2012
Abstract
Following a review of UBS Bank USA under Standard & Poor's revised bank criteria (published Nov. 9, 2011), we have affirmed our 'A-1' short-term issuer credit rating on the company and removed the rating from CreditWatch negative. We believe the bank is "core" to its parent, UBS AG. We view UBS Bank USA's business position as a rating weakness, its capital and earnings and risk position as strengths, and its funding and liquidity as neutral to the rating. We expect UBS Bank USA to maintain excellent asset quality and strong capital. NEW YORK (Standard & Poor's) Jan. 20, 2012--Standard & Poor's Ratings Services today said it removed its 'A-1' short-term issuer credit rating on UBS Bank USA from CreditWatch, where...
Companies mentioned in this report are: UBS Bank USA
Action: Affirmed
Action: Removed From CreditWatch
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.
UBS Bank USA
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