LONDON (Standard&Poor's) Nov. 1, 2007--Standard&Poor's Ratings Services said today that its ratings and outlook on Credit Suisse Group (A+/Positive/A-1), Credit Suisse (AA-/Positive/A-1+), and related entities were unaffected by the announcement of weaker earnings in the third quarter. Credit Suisse Group's pretax earnings of Swiss francs (CHF) 1.3 billion for the quarter were down 69% year on year and 30% quarter on quarter, mainly as a result of write-downs on leveraged finance commitments, CDOs, residential mortgages, and CMBS, as well as losses in proprietary equity trading. While the investment bank was only breakeven for the quarter, this is not significantly out of line with the industry and better than some competitors. An improvement in the fourth quarter
