BRIEF-Moody's: Credit Risks For Switzerland Low Unless Contagion Spreads

Credit Suisse Group AG: * MOODY'S: SWITZERLAND, LOW SOVEREIGN CREDIT RISKS FROM EVENTS LEADING TO UBS'S TAKEOVER OF CREDIT SUISSE UNLESS CONTAGION SPREADS * MOODY'S: WE STILL VIEW CREDIT IMPLICATIONS FOR GOVERNMENT OF SWITZERLAND TO BE CONTAINED AT THIS STAGE, GIVEN OUR EXPECTATION THAT CRISIS IN BANKING SECTOR DOES NOT ESCALATE FURTHER.


Reuters | Updated: 22-03-2023 16:23 IST | Created: 22-03-2023 16:08 IST
BRIEF-Moody's: Credit Risks For Switzerland Low Unless Contagion Spreads
Representative Image Image Credit: Twitter (@CreditSuisse)

Credit Suisse Group AG: * MOODY'S: SWITZERLAND, LOW SOVEREIGN CREDIT RISKS FROM EVENTS LEADING TO UBS'S TAKEOVER OF CREDIT SUISSE UNLESS CONTAGION SPREADS

* MOODY'S: WE STILL VIEW CREDIT IMPLICATIONS FOR GOVERNMENT OF SWITZERLAND TO BE CONTAINED AT THIS STAGE, GIVEN OUR EXPECTATION THAT CRISIS IN BANKING SECTOR DOES NOT ESCALATE FURTHER. * MOODY'S: DECISIVE AND COORDINATED RESPONSE OF FEDERAL GOVERNMENT, SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY (FINMA) AND SNB REINFORCE OUR VIEW OF SWITZERLAND'S SIGNIFICANT INSTITUTIONAL STRENGTH

* MOODY'S: GIVES US CONFIDENCE THAT THEY WILL TAKE FUTURE ACTION TO MAINTAIN DOMESTIC FINANCIAL STABILITY IF NECESSARY. * MOODY'S: SWISS BANKS' ASSET QUALITY AND CAPITAL BUFFERS ARE AMONG STRONGEST IN EUROPE, Source text for Eikon: Further company coverage:

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