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Credit Suisse Hosts Credit Client Conference: Investor Sentiment Cautious Going Into Year End



  Credit Suisse Hosts Credit Client Conference: Investor Sentiment Cautious
                             Going Into Year End

PR Newswire

NEW YORK, Oct. 10, 2012

NEW YORK, Oct. 10, 2012 /PRNewswire/ -- On October 3 – 5, Credit Suisse hosted
the 2012 Global Credit Conference in Miami, Florida and found that overall,
investor sentiment seemed cautious going into the end of the year.

(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO ) 

In a new survey conducted by the Credit Strategy team at the conference, which
was attended by around 650 issuers and investors, 48% of investors identified
the Fiscal Cliff as their biggest macro concern for Q4 2012. 21% said
corporate earnings were the biggest concern, while only 7% responded with the
regulatory environment and 5% with China. 

The conference brought together experts to discuss the future of the industry
and debate issues including the regulatory environment and ongoing uncertainty
in Europe. Keynote speakers included: Credit Suisse CEO Brady Dougan, The Rt
Hon Sir John Major KG CH and The Honorable Paul A. Volcker.

Phil DeSantis, Co-Head of Global Credit Products, said, "This conference
underscores our ongoing commitment to clients and leverages thought-leaders
from across the Bank in an effort to help clients navigate today's challenging
environment."

Eraj Shirvani, Co-Head of Global Credit Products, added, "We are very proud of
our client franchise and are dedicated to remaining integral to clients,
independent of market environment."

In addition, the survey found that 46% of investors had strong outlooks for Q4
HY cash return, with returns of +1 to +3 %, while only 24% had strong outlooks
for 2013 HY cash return, defining strong as returns of +6 to +8%. For the 2013
HY cash return outlook, almost half of respondents expected returns of +4 to
+6% and 22% of investors responded that returns would be weak (between +2 -
+4%.) When asked what the largest impact on the secondary markets will be in
the next 12 months, half of the respondents identified that dealer inventory
will have the largest impact, while 22% said ETFs. In addition, 60% of
investors cited a lack of US growth as their biggest concern regarding QE3,
while no investors reported that liquidity was a concern about QE3.

The conference included the following panel discussions on noteworthy industry
topics, among others:

  o European Credit: Banks, Insurers, Peripheral, Corporates
  o Credit ETFs: Growth, Impact and Outlook
  o US Credit Strategy Panel
  o Emerging Market Corporates: Market Trends and best Ideas
  o US Distressed Loan Panel
  o Market Structure: The Evolving Landscape

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its
combined expertise in the areas of private banking, investment banking and
asset management. Credit Suisse provides advisory services, comprehensive
solutions and innovative products to companies, institutional clients and
high-net-worth private clients globally, as well as to retail clients in
Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50
countries worldwide. The group employs approximately 48,200 people. The
registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse
Group AG, are listed in Switzerland and, in the form of American Depositary
Shares (CS), in New York. Further information about Credit Suisse can be found
at www.credit-suisse.com.

Investment Banking

In its Investment Banking business, Credit Suisse offers securities products
and financial advisory services to users and suppliers of capital around the
world. Operating in 57 locations across 30 countries, Credit Suisse is active
across the full spectrum of financial services products including debt and
equity underwriting, sales and trading, mergers and acquisitions, investment
research, and correspondent and prime brokerage services.

SOURCE Credit Suisse AG

Website: http://www.credit-suisse.com
Contact: Katherine Herring, Credit Suisse, +1-212-325-7545,
katherine.herring@credit-suisse.com
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