A well-diversified business and geographic orientation, which supports a strong global franchise; Leading positions in, particularly, international private banking, and domestic retail and corporate banking; and Sound asset quality and strong liquidity. Underperformance of investment banking activities, which are expected to remain a short-term drag on group consolidated profit growth; and The underexploitation of underlying strengths expected from a globally integrated group, which the new strategic direction is expected to reverse. The ratings on Credit Suisse Group (CSG) reflect its global market positioning, which is supported by a well-diversified business and geographic profile, overall sound asset quality, and continued strong liquidity. The group's leading positions in international private banking and domestic corporate and retail banking have particularly contributed to CSG's