Raiffeisen Switzerland Cooperative Credit Rating

For credit ratings that are derived exclusively from an existing credit rating of a program series category class of debt support provider or primary rated entity or that replace a previously assigned provisional rating at the same rating level moody s publishes a rating announcement on that series category class of debt or program as a whole on the support provider or primary rated.

Raiffeisen switzerland cooperative credit rating. Credit rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Bond list news and credit ratings. The agency maintained its long term credit rating for the swiss cooperative bank at aa2 but lowered the outlook to negative. The outstanding credit rating is the result of this cooperative bank s sustained and solid business policy.

Credit suisse ag is rated by fitch. It is wholly owned by switzerland s local raiffeisen cooperative banks which in turn are owned by nearly 1 9 million cooperative members as of 31 december 2017. The downgrade follows the swiss market regulator finma s investigation into raiffeisen s corporate governance practices with the focus on the clash of interests of former head pierin vincenz has spent the last seven weeks remanded in a zurich jail amid a criminal. This publication is provided by raiffeisen switzerland cooperative and is not the result of financial analysis.

Raiffeisen switzerland has a rating of a3 from the rating agency moody s. The bank s deposit ratings are now aa3 negative p 1 and its senior unsecured ratings are now a3 negative. For credit ratings that are derived exclusively from an existing credit rating of a program series category class of debt support provider or primary rated entity or that replace a previously assigned provisional rating at the same rating level moody s publishes a rating announcement on that series category class of debt or program as a whole on the support provider or primary rated. Bond list news and credit ratings.

Raiffeisen schweiz update to credit analysis after rating downgrade summary on 16 june 2018 we downgraded raiffeisen schweiz s ratings reflecting our evaluation of the credit implications of its significant corporate governance shortfalls. Raiffeisen switzerland cooperative financial information.