...March 19, 2021 - In early March 2021, Credit Suisse Group announced it was closing four supply chain finance funds, reflecting valuation uncertainties owing to challenges faced by the Greensill group. - In our base case, we do not expect material financial or sustainable reputational damage emerging from the fund closures or business relationship to the Greensill Group and believe risks are adequately reflected in our current ratings. - We have affirmed our long-term issuer credit ratings on the lead operating bank, Credit Suisse AG, and the group's other core operating subsidiaries at 'A+', and our '###+' long-term issuer credit ratings on Credit Suisse Group AG, the group's nonoperating holding company. - The stable outlook on all rated entities in the group reflects our view that there will be no material impact on the group resulting from the fund closures or Greensill's collapse and related investigations. However, we could lower the ratings if regulatory investigation into Credit...
