BRIEF-DBRS Morningstar Says Credit Suisse's AT1 Controversy Unlikely Outside Switzerland

DBRS MORNINGSTAR: * SAYS CREDIT SUISSE'S AT1 CONTROVERSY UNLIKELY OUTSIDE SWITZERLAND

* DO NOT CONSIDER SWISS AUTHORITIES ARE SETTING A PRECEDENT FOR THE TREATMENT OF AT1 INSTRUMENTS IN OTHER JURISDICTIONS * VIEW SALE OF CS TO UBS AS POSITIVE FOR FINANCIAL STABILITY, REDUCING POTENTIAL NEGATIVE MARKET REACTION AND CONTAGION

* CONSIDER EU, UK, CANADA HAVE DIFFERENT TERMS IN AT1 INSTRUMENTS; AUTHORITIES BEEN VOCAL THAT AT1 SECURITIES ARE SENIOR TO EQUITY Further company coverage: