On July 18, 2007, Standard&Poor's Ratings Services revised its outlook on Zurich-based Credit Suisse Group (CSG) and its bank subsidiary Credit Suisse to positive from stable. At the same time, the 'A+/A-1' counterparty credit ratings on CSG and the 'AA-/A-1+' counterparty credit ratings on Credit Suisse were affirmed. The outlook revision reflects the structural improvements in CSG's profitability, particularly within its investment banking business. This and further improvements are likely to render CSG better able to withstand a more challenging environment. The ratings on CSG reflect the combination of strong franchises in private banking, investment banking, asset management and Swiss domestic banking; strong profitability; good capitalization; and sound asset quality. The ratings also reflect CSG's historical above-average volatility
