Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Barclays, Credit Suisse, Deutsche Bank Credit Ratings Cut by S&P

Barclays, Credit Suisse, Deutsche Bank Credit Ratings Cut by S&P
The Barclays Bank Plc logo hangs from the top of the company's headquarters in the Canary Wharf business district of London. Photographer: Simon Dawson/Bloomberg

July 2 (Bloomberg) -- Standard & Poor’s Rating Services cut the long-term counterparty credit ratings on Barclays Bank Plc, Credit Suisse AG, and Deutsche Bank AG to A from A+, S&P said in a statement today.

The rating company also affirmed its ratings on UBS AG and said the ratings on the banks are stable.

“Barclays, Credit Suisse, Deutsche Bank, and UBS are among the most exposed in Europe to a combination of regulatory initiatives being undertaken globally on capital market-related businesses,” the statement said.

Link to Company News:{BARC LN <Equity> CN <GO>} Link to Company News:{CSGN VX <Equity> CN <GO>} Link to Company News:{DBK GR <Equity> CN <GO>} Link to Company News:{UBSN VX <Equity> CN <GO>}

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: Christine Harper at charper@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.