...+ We no longer project that UBS Group AG's consolidated phased-in risk-weighted Common Equity Tier 1 ratio will stay above 14% over the next 12-24 months. + We are therefore lowering our issue ratings on four of UBS Group AG's high-trigger Tier 1 capital notes to '##' from '##+'. + Also, we are assigning our '##' issue ratings to the proposed $2 billion high-trigger Tier 1 capital notes, to be issued by UBS Group Funding (Switzerland) AG and guaranteed on a subordinated basis by UBS Group AG. FRANKFURT (S&P Global Ratings) Jan. 29, 2018--S&P Global Ratings today lowered to '##' from '##+' its issue ratings on four high-trigger Tier 1 capital notes issued by UBS Group AG. At the same time, we assigned our '##' issue ratings to the proposed $2 billion perpetual non-call 2023 high-trigger permanent write down additional tier-1 (AT1) capital notes, to be issued by UBS Group Funding (Switzerland) AG and guaranteed on a subordinated basis by UBS Group. The rating actions indicate that we now...
