The ratings on Credit Suisse Group (CSG) reflect the group's global market positioning, supported by a well-diversified business and geographic profile; overall sound asset quality; and continued strong liquidity. The group's strong positions in international private banking, asset management, and domestic corporate and retail banking have particularly contributed to CSG's improved performance, although weaker revenue generation in investment banking remains a drag on consolidated growth. Historically, CSG has not realized the full potential of being a diversified financial group. To address this issue, the group recently unveiled a new strategic direction, with the aim of generating increased revenues via increased focus, better co-operation and cross-selling between business groups, as well as the realization of cost synergies, mainly in IT. In
