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.

Scope Ratings has updated its rating report on UBS AG, rated AA- with Stable Outlook.

Scope Ratings has updated its rating report on UBS Group AG’s AT1 securities.

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?

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.

Scope Ratings has updated its rating report on UBS AG, rated AA- with Stable Outlook.

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

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 rating report on UBS Group AG’s AT1 securities.

The new preliminary rating refers to USD Tier 1 Capital Notes expected to be issued in the near future; terms and conditions similar to other rated Additional Tier 1 securities from the same issuer.