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      XS1746113197
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      XXXXXXX Outlook: XXXX
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      Ratings of UBS upgraded by one notch (Issuer Rating to AA- from A+) by Scope

      25/9/2017 Rating announcement EN

      Ratings of UBS upgraded by one notch (Issuer Rating to AA- from A+) by Scope

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

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