Credit Suisse AG 'A/A-1' Ratings Affirmed On Continued Strong Capital Buffers; Outlook Stable

We believe the difficult operating environment continues to challenge Credit Suisse's profitability as it implements its strategic repositioning. However, we believe that the group will preserve strong capital, as it reallocates capital resources within the group, and will continue to benefit from several stable lines of business with low risk profiles. We are affirming our 'A/A-1' issuer credit ratings on Credit Suisse AG and our 'BBB+' rating on Credit Suisse Group AG. The stable outlook reflects our expectation that the group will maintain strong capital levels and its sound market position as it proceeds with implementing its business restructuring. FRANKFURT (S&P Global Ratings) July 20, 2016--S&P Global Ratings today affirmed its 'A/A-1' long- and short-term issuer credit ratings (ICR) on

...+ We believe the difficult operating environment continues to challenge Credit Suisse's profitability as it implements its strategic repositioning. + However, we believe that the group will preserve strong capital, as it reallocates capital resources within the group, and will continue to benefit from several stable lines of business with low risk profiles. + We are affirming our 'A/A-1' issuer credit ratings on Credit Suisse AG and our '###+' rating on Credit Suisse Group AG. + The stable outlook reflects our expectation that the group will maintain strong capital levels and its sound market position as it proceeds with implementing its business restructuring. FRANKFURT (S&P Global Ratings) July 20, 2016--S&P Global Ratings today affirmed its 'A/A-1' long- and short-term issuer credit ratings (ICR) on Credit Suisse AG (Credit Suisse). We also affirmed our '###+' long-term rating on its non-operating holding company, Credit Suisse Group AG. The outlook on both entities remains stable. Additionally,...

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