UBS credit outlook revised to negative by S&P on concerns about risk in Credit Suisse deal

UBS credit outlook revised to negative by S&P on concerns about risk in Credit Suisse deal

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S&P Global Ratings revised its outlook on UBS Group AG’s credit to negative on Monday, and said it expects the integration of large parts of Credit Suisse’s investment banking activities to carry material execution risk. The rating agency affirmed UBS’ A- issuer credit rating. The move comes after…

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