...FRANKFURT (S&P Global Ratings) April 26, 2017--S&P Global Ratings said today that its ratings and outlook on Credit Suisse Group AG (###+/Stable/---), Credit Suisse AG (A/Stable/A-1), and related entities are not immediately affected by the group's announcement of a planned capital increase. Credit Suisse announced today that it plans to raise equity of about Swiss franc (CHF) 4 billion (about $4 billion) through a fully underwritten rights offering at the group holding company level. In return, it is cancelling its previous plans to raise capital through a partial IPO of its Swiss universal bank subsidiary, Credit Suisse (Schweiz) AG. The capital issuance is subject to approval at an extraordinary shareholders meeting on May 18, 2017. In our opinion, the planned action reinforces Credit Suisse's credit quality and supports our stable outlook on the long-term issuer credit rating. Specifically, it supports the group's ability to exceed its future regulatory capital requirements. It might...
