S & P / Moody ‘s: note by Credit Suisse confirmed – Le Figaro

The credit rating agencies Standard & Poor’s (S & P) and Moody’s maintained Tuesday notes Credit Suisse and Credit Suisse Group, after the heavy fine which the Swiss bank will pay the United States.

S & P leaves unchanged the ratings of Credit Suisse to A/A-1 and Credit Suisse Group, A-. The agency also confirmed its “negative” outlook, she said in a statement. “Standard & Poor’s had already envisaged in its own forecasts for the capital of Credit Suisse, the possibility of a fine so heavy” and believes that the guilty plea will not result in “significant” adverse impact on the profile business and bank risk, the agency said.

“Therefore, we confirm our A/A-1 rating on Credit Suisse and an A-rating on Credit Suisse Group,” adds she said.

Meanwhile, Moody’s has confirmed the ratings of Credit Suisse in A1/Prime 1 but downgraded the outlook from “stable” to “negative.” The agency said in a statement that the change in outlook primarily reflects the risk for the bank to lose customers and revenue because of tax litigation in the United States.