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Definition of Ratings for Credit Suisse AG
Securities for funding and capital purposes are primarily issued by Credit Suisse AG, the principal operating subsidiary of Credit Suisse Group AG. Below are described the rating definitions for Credit Suisse AG.
Moody's
Bonds rated Aa are judged to be of high quality and are subject to very low credit risk. The modifier 1 indicates a high range rank. Issuers (or supporting institutions) rated Prime-1 (P-1) have a superior ability to repay short-term debt obligations.
Standard & Poor's
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories. The rating may be modified by the addition of a (+) or minus (-) sign to show relative standing within the rating category (Credit Suisse AG, A+). An obligor rated 'A-1' has strong capacity to meet its financial commitments. It is rated in the highest category by Standard & Poor's.
Fitch Ratings
'A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. "F1"(short-term rating) highest credit quality. Indicates the strongest instrinsic capacity for timely payment of financial commitments.
Secondary Content
Moody's Investors Service
David Fanger
Tel. +1 212 553 4342
Standard & Poor's
Scott Bugie
Tel. +33 1 4420 6680
Fitch Ratings
Christian Scarafia
Tel. +39 02 87 90 87 212
