Fitch gives Credit Suisse notes BBB+

Fitch Ratings said it assigned Credit Suisse AG's potential issue of tier 2 capital notes an expected rating of BBB+(EXP).

The notes are rated two notches below Credit Suisse's viability rating in accordance with Fitch's criteria for "Assessing and Rating Bank Subordinated and Hybrid Securities." The notching reflects the notes loss severity given the full and permanent write-down feature, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.