Comment & Analysis
S&P downgrades Credit Suisse
S&P has downgraded Credit Suisse’s credit rating following its announcement of a restructuring plan. The ratings agency lowered its long- and short-term issuer credit ratings to A-/A-2 from A/A-1 for the lead operating bank Credit Suisse AG and other core operating subsidiaries. The long-term issuer credit rating on nonoperating holding…
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