PARIS (Standard&Poor's) April 14, 2005--Standard&Poor's Ratings Services said today that Credit Suisse Group's (CSG; A/Stable/A-1) merger of its Credit Suisse (CS; A+/Stable/A-1) and Credit Suisse First Boston (CSFB; A+/Stable/A-1) legal entities to create one key banking unit--to be called Credit Suisse--will not affect the ratings on the group or its rated subsidiaries. The merger, confirmed by CSG today, is subject to final regulatory and board approval and is not expected to become effective before mid-May 2005. At that time, Standard&Poor's will withdraw the ratings on CSFB, as its existing obligations will be transferred to the merged entity. We understand that, following the merger, the two banks' direct subsidiaries will continue to operate under their
