On Dec. 3, 2003, Standard&Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term counterparty credit ratings on Credit Suisse Group (CSG). At the same time, the 'A+' long-term and 'A-1' short-term counterparty credit ratings on Credit Suisse, Credit Suisse First Boston (CSFB), Credit Suisse First Boston (USA) Inc., and Credit Suisse First Boston International were also affirmed. The outlook on the group and its banking entities is stable. In addition, Standard&Poor's also affirmed its 'A' counterparty credit and financial strength ratings on Winterthur Swiss Insurance Co. (Winterthur). The outlook on Winterthur is negative. The ratings affirmation reflects Standard&Poor's ongoing surveillance of CSG, and reflects the group's progress in addressing structural issues, which has
