Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness - S&P Global Ratings’ Credit Research

Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness

Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness - S&P Global Ratings’ Credit Research
Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness
Published Jul 30, 2020
3 pages (1273 words) — Published Jul 30, 2020
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Abstract:

FRANKFURT (S&P Global Ratings) July 30, 2020--S&P Global Ratings today said that the structural changes announced by Credit Suisse Group AG (BBB+/Stable/--; core operating banks rated A+/Stable/A-1) will likely support its earnings and resilience. This reinforces our view of the group's creditworthiness. In our view, today's announcement confirms our favorable opinion of management's agility amid the changing operating environment, which should enhance the group's ability to deal with emerging risks and help safeguard its long-term competitiveness. Credit Suisse has reaffirmed that it aims to remain a leading wealth manager with strong global investment banking capabilities. The upcoming restructuring is mainly intended to enhance its revenue potential, with cost savings as a positive side effect. By end-2020, the group's three main

  
Brief Excerpt:

...July 30, 2020 FRANKFURT (S&P Global Ratings) July 30, 2020--S&P Global Ratings today said that the structural changes announced by Credit Suisse Group AG (###+/Stable/--; core operating banks rated A+/Stable/A-1) will likely support its earnings and resilience. This reinforces our view of the group's creditworthiness. In our view, today's announcement confirms our favorable opinion of management's agility amid the changing operating environment, which should enhance the group's ability to deal with emerging risks and help safeguard its long-term competitiveness. Credit Suisse has reaffirmed that it aims to remain a leading wealth manager with strong global investment banking capabilities. The upcoming restructuring is mainly intended to enhance its revenue potential, with cost savings as a positive side effect. By end-2020, the group's three main targeted actions are to: - Create one global investment bank by integrating three divisions--Global Markets, Investment Banking & Capital Markets,...

  
Report Type:

Bulletin

Ticker
CSGN@VX
Issuer
Credit Suisse Group AG
GICS
Diversified Capital Markets (40203030)
Sector
Global Issuers
Country
Switzerland
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness" Jul 30, 2020. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Credit-Suisse-s-Structural-Changes-Reinforce-Its-Creditworthiness-2487896>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Credit Suisse's Structural Changes Reinforce Its Creditworthiness Jul 30, 2020. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Credit-Suisse-s-Structural-Changes-Reinforce-Its-Creditworthiness-2487896>
  
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