Announcements
Drinks
27/6/2018 Monitoring note EN
Investors should not be complacent to AT1 risks
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?
14/5/2018 Monitoring note EN
Scope takes note of issuer substitution for UBS’ AT1 securities; BBB ratings unchanged
Scope Ratings says the planned substitution of UBS Group AG by UBS Group Funding (Switzerland) AG as issuer of the outstanding AT1 securities would have no impact on the creditworthiness of the BBB-rated securities; UBS Group AG remains the guarantor.
13/7/2017 Monitoring note EN
Scope publishes 4th edition of AT1 Handbook
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.
13/3/2017 Rating announcement EN
Scope rates at A/Positive new TLAC-eligible senior debt programme guaranteed by UBS Group AG
The rating applies to the new senior debt programme of UBS Group Funding (Switzerland) AG which will be used to issue TLAC-eligible senior unsecured debt guaranteed by UBS Group AG.