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S&P Credit Research1463 word report
published Dec 19, 2008
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Dec. 19, 2008--Standard&Poor's Ratings Services said today it lowered its long-term counterparty credit ratings on Swiss bank UBS AG and its core subsidiaries UBS Ltd., UBS Loan Finance LLC, UBS Bank (Canada), and UBS Securities LLC to 'A+' from 'AA-'. Furthermore, the short-term counterparty credit ratings on these entities were lowered to 'A-1' from 'A-1+'. The ratings were removed from CreditWatch, where they were placed with negative implications on Oct. 17, 2008. The outlook is stable. At the same time, the ratings on UBS' perpetual hybrid capital instruments were lowered to 'BBB+' from 'A'. These rating actions follow Standard&Poor's global review of major mature-market financial institutions (see related article "Twelve Major U.S.
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| Brief Excerpt: | RESEARCH Ratings Definitions UBS AG Ratings Lowered To 'A+/A-1'; Off Watch; Outlook Stable; Hybrids Lowered To '###+' Publication date: 19-Dec-2008 Primary Credit Analyst: Richard Barnes, London (44) 20-7176-7227; richard_barnes@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | UBSN@VX
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| Issuer: | UBS AG
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| GICS: | Diversified Capital Markets (40203030)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | Switzerland
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- S&PCORRECT: Ratings On Four UBS AG Senior Unsecured Medium-Term Notes Withdrawn $100.00
LONDON (Standard&Poor's) Sept. 24, 2009--Standard&Poor's Ratings Services today corrected an error relating to four senior unsecured medium-term notes issued by UBS AG (A+/Stable/A-1). On Sept. 23, 2009, ratings were inadvertently assigned ...
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- UBS AG Reports Another Quarterly Loss In Q1; Ratings Unaffected $100.00
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- Summary: UBS AG $175.00
The ratings on Swiss bank UBS AG reflect our view of its own credit characteristics and extraordinary external support from the Swiss government and central bank (the SNB). Specifically, the long-term counterparty credit rating reflects a two-notch ...
- UBS AG's Weak Fourth-Quarter 2008 Result In Line With Expectations; Ratings Unchanged $100.00
LONDON (Standard&Poor's) Feb. 10, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on Swiss bank UBS AG (A+/Stable/A-1) were unaffected by today's announcement of a Swiss francs (CHF) 26.1 billion pretax operating ...
- Research Update: UBS AG Ratings Lowered To 'A+/A-1'; Off Watch; Outlook Stable; Hybrids Lowered To 'BBB+' $175.00
On Dec. 19, 2008, Standard&Poor's Ratings Services lowered its long-term counterparty credit ratings on Swiss bank UBS AG and its core subsidiaries UBS Ltd., UBS Loan Finance LLC, UBS Bank (Canada), and UBS Securities LLC to 'A+' from 'AA-'. ...
