FRANKFURT (S&P Global Ratings) Jan. 23, 2017--S&P Global Ratings said today that it assigned its 'BB-' long-term issue rating to the proposed high-trigger additional Tier 1 perpetual capital notes to be issued by Credit Suisse Group AG. The rating is subject to our review of the notes' final documentation. In accordance with our criteria for hybrid capital instruments ("Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions," published Jan. 29, 2015), the 'BB-' issue rating reflects our analysis of the proposed instrument and our assessment of the unsupported group credit profile (GCP) of Credit Suisse. The issue rating is six notches below the 'a-' unsupported GCP, owing to the following deductions: One notch because the notes are contractually subordinated;
