PARIS (Standard&Poor's) Nov. 26, 2002--Standard&Poor's Ratings Services said today that it had lowered its long-term counterparty credit rating on Switzerland-based Credit Suisse Group (CSG) to 'A' from 'A+'. At the same time, the 'A-1' short-term counterparty credit rating on CSG was affirmed. In addition, the long- and short-term counterparty credit ratings on CSG's primary bank operating entities--including Credit Suisse, Credit Suisse First Boston (CSFB), and Credit Suisse First Boston (USA) Inc.--were lowered to 'A+' from 'AA-', and to 'A-1' from 'A-1+', respectively. The outlook on CSG and its bank operating entities is stable. In a related action, Standard&Poor's lowered its insurer financial strength and counterparty credit ratings on Winterthur Swiss Insurance Co. (Winterthur) to
