Barclays Plc, Deutsche Bank AG and Credit Suisse Group AG had their credit ratings lowered by Standard & Poor’s as new rules and “uncertain market conditions” threaten their business.
Long-term counterparty credit ratings for the three banks were cut one level, S&P said yesterday in a statement. The ratings firm affirmed its A long-term rating and A-1 short-term assessments on UBS AG, according to the statement. The outlook for all four companies is stable.
