Credit Suisse AG Upgraded To 'A+' On Sustained Earnings Improvements; Outlook Stable

Credit Suisse continues to improve its earnings capacity following completion of its restructuring initiatives, and is now performing in line with peers. As a result, we are raising our long-term issuer credit ratings on Credit Suisse AG and the group's other core operating subsidiaries to 'A+' from 'A', while affirming our 'A-1' short-term issuer credit ratings on these entities, and our 'BBB+' long-term issuer credit ratings on Credit Suisse Group AG. Additionally, we are raising our long-and short-term resolution counterparty ratings (RCRs) on Credit Suisse AG and its rated subsidiaries in Europe to 'AA-/A-1+' from 'A+/A-1', while raising the long-term RCR on its broker-dealer subsidiary in the U.S. to 'A+' from 'A' and affirming the 'A-1' short-term RCR on this

...May 21, 2019 - Credit Suisse continues to improve its earnings capacity following completion of its restructuring initiatives, and is now performing in line with peers. - As a result, we are raising our long-term issuer credit ratings on Credit Suisse AG and the group's other core operating subsidiaries to 'A+' from 'A', while affirming our 'A-1' short-term issuer credit ratings on these entities, and our '###+' long-term issuer credit ratings on Credit Suisse Group AG. - Additionally, we are raising our long-and short-term resolution counterparty ratings (RCRs) on Credit Suisse AG and its rated subsidiaries in Europe to '##-/A-1+' from 'A+/A-1', while raising the long-term RCR on its broker-dealer subsidiary in the U.S. to 'A+' from 'A' and affirming the 'A-1' short-term RCR on this entity. - The stable outlook on all entities reflects our view that the group's franchise in global wealth management and domestic corporate retail banking will continue to support group earnings. FRANKFURT...

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