FRANKFURT (S&P Global Ratings) Dec. 14, 2021--S&P Global Ratings today said that a recent French Court of Appeal's decision will, if accepted by all parties involved, likely have only a mild impact on UBS Group AG?s (A-/Stable/A-2) regulatory capital ratios. The charge of around €1.8 billion is broadly half of the amount proposed by the original court decision and, in our view, can be easily covered by the group, reflecting both its solid performance in 2021 and strong capital position. Common equity tier 1 (CET1) capital of €45 billion and the CET1 capital ratio of 14.9% provide comfortable buffer for the fine payment. In our forecasts, we've already incorporated a potential range for the fine, and the amount set by
