On July 27, 2012, Standard&Poor's Ratings Services affirmed its counterparty credit ratings on Credit Suisse Group AG (CSG). We subsequently withdrew the 'A-1' short-term rating at the bank's request. At the point of withdrawal, CSG had no outstanding short-term debt. The 'A' long-term rating on CSG is unaffected and the outlook remains negative. The ratings on the group's primary operating company, Credit Suisse AG (A+/Negative/A-1), remain unchanged. The affirmation reflected our view of CSG's close relationship as the holding company of Credit Suisse AG. Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Group Rating Methodology And Assumptions, Nov. 9, 2011 Ratings Affirmed and Withdrawn To From Credit Suisse Group AG Counterparty Credit Rating A/Negative/NR A/Negative/A-1 Ratings Affirmed Credit
