The ratings on Credit Suisse Group (CSG) reflect its global market positioning, which 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 investment banking remains a drag on consolidated growth. To address this issue, the group unveiled a new strategic direction in December 2004, with the aim, among others, 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 Ratings Services considers as positive the move
