Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable

Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable
Published May 26, 2020
8 pages (3149 words) — Published May 26, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Under our base case of an economic recovery starting in third-quarter 2020, through year-end 2020, and into 2021, we expect Credit Suisse Group's earnings, asset quality, and capitalization to face greater pressure than previously envisaged but capital to remain resilient, reflecting the comfortable capital buffer and high share of activities with structurally low credit risk. We are affirming our 'A+' long-term issuer credit ratings on the lead operating bank Credit Suisse AG and the group's other core operating subsidiaries, and our 'BBB+' long-term issuer credit rating on nonoperating holding company Credit Suisse Group AG. The stable outlook on all rated entities in the group reflects our view that its franchise in global wealth management and domestic corporate and retail banking

  
Brief Excerpt:

...- Under our base case of an economic recovery starting in third-quarter 2020, through year-end 2020, and into 2021, we expect Credit Suisse Group's earnings, asset quality, and capitalization to face greater pressure than previously envisaged but capital to remain resilient, reflecting the comfortable capital buffer and high share of activities with structurally low credit risk. - We are affirming our 'A+' long-term issuer credit ratings on the lead operating bank Credit Suisse AG and the group's other core operating subsidiaries, and our '###+' long-term issuer credit rating on nonoperating holding company Credit Suisse Group AG. - The stable outlook on all rated entities in the group reflects our view that its franchise in global wealth management and domestic corporate and retail banking will continue to support earnings and, together with the strong capital base, sufficiently buffer against downside risks in the coming 12-24 months, including weakened operating conditions and higher...

  
Report Type:

Research Update

Ticker
CSGN@VX
Issuer
GICS
Diversified Capital Markets (40203030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
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. "Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable" May 26, 2020. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Credit-Suisse-AG-Affirmed-At-A-On-Expected-Resilience-To-COVID-19-Effects-Outlook-Stable-2448825>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Credit Suisse AG Affirmed At 'A+' On Expected Resilience To COVID-19 Effects; Outlook Stable May 26, 2020. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Credit-Suisse-AG-Affirmed-At-A-On-Expected-Resilience-To-COVID-19-Effects-Outlook-Stable-2448825>
  
US$ 225.00
$  £  
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