PARIS (Standard&Poor's) March 26, 2004--Standard&Poor's Ratings Services said today that the correction of fourth-quarter 2003 financials announced by Credit Suisse Group (CSG; A/Stable/A-1) will not affect the ratings on the group or its subsidiaries, including the rating on Winterthur Swiss Insurance Co. (Winterthur; A/Negative/--). In the course of closing its first-quarter 2004 results, DBV-Winterthur (BBBpi), a German subsidiary of Winterthur, recognized an error in the input data used for calculating the deferred bonus reserve (DBR), a component of the provision for future dividends to policyholders. Under a refined methodology used for calculating the DBR, which was adopted in the fourth-quarter of 2003, an input data item that should have been excluded in the calculation was inadvertently
