The ratings on Credit Suisse Group (CSG) reflect the group's global market positioning that is supported by a well diversified business and geographic profile; overall sound asset quality; and continued strong liquidity. The group's leading positions in international private banking and domestic corporate and retail banking have particularly contributed to CSG's stabilized performance, as weak revenue generation in Credit Suisse First Boston (CSFB) remains a drag on consolidated earnings growth. To address this issue, the group recently unveiled a new strategic direction, with the aim, inter alia, of generating sustainable performance in its investment banking business through reinforced integration with other group businesses and greater concentration on activities where it holds a competitive advantage. Standard&Poor's considers as positive
