Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids - S&P Global Ratings’ Credit Research

Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids

Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids - S&P Global Ratings’ Credit Research
Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids
Published Oct 24, 2008
Published Oct 24, 2008
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About This Report

  
Abstract:

LONDON (Standard&Poor's) Oct. 24, 2008--Standard&Poor's Ratings Services said today that it has classified the mandatory convertible note (MCN) issues by Credit Suisse Group (CSG; A+/Negative/A-1) and UBS AG (AA-/Watch Neg/A-1+) as "high" equity content instruments under its hybrid rating criteria. This means that they will be included in our adjusted total equity measure up to a limit of 50% of adjusted common equity, subject to there being sufficient headroom within this limit. For further details of the hybrid criteria, see " Hybrid Capital Handbook: September 2008 Edition," published on Sept. 15, 2008, on RatingsDirect. The MCNs were part of the capital strengthening measures announced by both banks on Oct. 16, 2008. CSG has issued about Swiss

  
Report Type:

News

Ticker
CSGN@VX
Issuer
Credit Suisse Group AG
GICS
Diversified Capital Markets (40203030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Switzerland
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids" Oct 24, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-Suisse-And-UBS-Mandatory-Convertibles-Classified-As-High-Equity-Content-Hybrids-678789>
  
APA:
S&P Global Ratings’ Credit Research. (). Credit Suisse And UBS Mandatory Convertibles Classified As "High" Equity Content Hybrids Oct 24, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-Suisse-And-UBS-Mandatory-Convertibles-Classified-As-High-Equity-Content-Hybrids-678789>
  
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