Scope Ratings has updated its rating report on Credit Suisse, rated A+ with Stable Outlook.

Scope Ratings has updated its rating reports on the various high and low trigger AT1 securities of Credit Suisse.

The Additional Tier 1 market reaches a landmark in 2018 as the earliest issues hit their first call dates. The investor base has grown, and terms and structures have standardised. But what lessons should be learned from developments in this market?

Rating upgrade reflects Scope’s view of these banks’ reassuring liquidity dynamics, positively impacted by European supervisors’ enhanced focus on bank liquidity and funding.

The handbook includes an assessment of how risks in the AT1 market are evolving. Recent developments concerning Banco Popular and Bremer Landesbank demonstrate the importance of issuer fundamentals when evaluating the likelihood of incurring losses.

Scope Ratings has updated its analysis on the various high and low trigger AT1 and T2 securities of Credit Suisse.

Rating actions – on Barclays Bank plc, HSBC Holdings plc, Lloyds Bank plc, The Royal Bank of Scotland plc, KBC Group NV, Credit Suisse AG, and UBS AG – following updated bank rating methodology which addresses ranking of TLAC/MREL senior unsecured debt.

Rating downgrades reflect concerns about the sustainability of a business model more dependent than peers on investment banking amidst heightened regulatory scrutiny and growing capital requirements.

Ratings already with a negative outlook since May 2014; review affects issuer and senior debt ratings of Credit Suisse AG and Credit Suisse Group AG, as well as capital securities’ ratings of the two entities

First-time ratings; Credit Suisse AG already rated at A+ with Negative outlook