As UBS acquires Credit Suisse, Fitch puts Swisscard on 'rating watch negative'1 min read 23 Mar 2023, 05:21 PM IST
Fitch has placed Swisscard AECS GmbH on rating watch negative after Credit Suisse's rating action.
Swisscard AECS GmbH's Long-Term Issuer Default Rating (IDR) of 'A-' and Short-Term IDR of 'F2' have been placed on Rating Watch Negative (RWN) by Fitch Ratings. Additionally, Fitch has lowered Swisscard's Shareholder Support Rating (SSR) from 'bbb' to 'bb-' and put it on Rating Watch Evolving (RWE).
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