Credit Suisse AG Outlook To Positive On Restructuring Progress; 'A+/A-1' Resolution Counterparty Ratings Assigned

Credit Suisse is making progress in executing its restructuring program, making a sustained earnings recovery more likely. As a result, we are revising our outlook on Credit Suisse AG and the group's other core operating subsidiaries to positive from stable, and affirming our 'A/A-1' issuer credit ratings. We are also affirming our 'BBB+' issuer credit rating on Credit Suisse Group AG with a stable outlook. The positive outlook on Credit Suisse AG and its core subsidiaries reflects our view that we could raise the ratings if the group's earnings recover sustainably and become more in line with peers'. Separately, we are assigning our 'A+/A-1' long- and short–term resolution counterparty ratings (RCRs) to Credit Suisse AG and its rated subsidiaries in

...+ Credit Suisse is making progress in executing its restructuring program, making a sustained earnings recovery more likely. + As a result, we are revising our outlook on Credit Suisse AG and the group's other core operating subsidiaries to positive from stable, and affirming our 'A/A-1' issuer credit ratings. + We are also affirming our '###+' issuer credit rating on Credit Suisse Group AG with a stable outlook. + The positive outlook on Credit Suisse AG and its core subsidiaries reflects our view that we could raise the ratings if the group's earnings recover sustainably and become more in line with peers'. + Separately, we are assigning our 'A+/A-1' long- and short¡term resolution counterparty ratings (RCRs) to Credit Suisse AG and its rated subsidiaries in Europe, while assigning our 'A/A-1' RCRs to its broker-dealer subsidiary in the U.S., following the publication of our methodology for assigning RCRs on April 19, 2018. FRANKFURT (S&P Global Ratings) June 25, 2018--S&P Global Ratings...

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