As part of its strategic focus on institutional investors, Scope Ratings is offering credit ratings on a subscription basis only via its credit intelligence platform, ScopeOne.

Upgraded ratings – all now with Stable Outlook – reflect the resilience of the group’s current business model and reassuring credit metrics.

Scope Ratings says its ratings (A/Positive) on UBS’s outstanding TLAC-eligible senior unsecured debt will remain unchanged after the planned substitution of the issuer to UBS Group Funding (Switzerland) AG.

Outlook change reflects the successful reshaping of the group’s business model and reassuring credit metrics

The new rating refers to the 2.95% USD 1.5bn Senior Notes due Sept 2020, the 4.125% USD 2.5bn Senior Notes due Sept 2025, and the USD 0.3bn Floating Rate Senior Notes due 2020, issued by UBS Group Funding (Jersey) Limited, and guaranteed by UBS Group AG.