Credit ratings

UBS's solicited credit ratings are set out in the table below, together with the most recent statement by the rating agency of the status or outlook. Each of these ratings reflects only the view of the applicable rating agency at the time the rating was issued, and any explanation of the significance of a rating may be obtained only from the rating agency. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. A security rating is not a recommendation to buy, sell or hold securities and each rating should be evaluated independently from similar ratings of other entities, and from the rating, if any, of UBS's securities. There is no assurance that any credit rating will remain in effect for any given period of time or that a rating will not be reviewed, revised, lowered, suspended or withdrawn entirely by the rating agency if, in the rating agency's judgment, circumstances so warrant.

UBS Group AG

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty
Credit Rating

A-

6.6.16

Stable

Short-Term Counterparty
Credit Rating

A-2

12.2.15

 

Unsupported Group Credit Profile

a

6.6.16

 

High-trigger additional Tier 1 instruments

BB

29.1.18

Stable

Long-Term Issuer
Default Rating

A+

28.9.17

Stable

Short-Term Issuer
Default Rating

F1

12.2.15

 

Additional Tier 1 instruments

BBB-

28.9.17

 

Fitch

Rating

Last rating change

Status / outlook

Senior Debt Rating

A+

25.9.17

Stable

Additional Tier 1 instruments

BBB

25.9.17

Stable

Scope Ratings

Rating

Last rating change

Status / outlook

UBS AG

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty
Credit Rating

A+

6.6.16

Stable

Short-Term Counterparty
Credit Rating

A-1

19.12.08

 

Stand-alone Credit Profile

a

6.6.16

 

Basel III-compliant Tier 2 instruments

BBB+

6.6.16

 

Long-term deposit rating

Aa2

18.6.18

Stable

Long-term senior debt rating

Aa3

18.6.18

Stable

Short-term deposit rating

P-1

29.6.98

 

Short-term debt rating

P-1

29.6.98

 

Counterparty risk rating

Aa2(cr)

18.6.18

 

Baseline credit assessment

a3

18.6.18

Stable

Moody's

Rating

Last rating change

Status / outlook

Long-Term Issuer
Default Rating

AA-

28.9.17

Stable

Short-Term Issuer
Default Rating

F1+

28.9.17

 

Viability Rating

a+

28.9.17

 

Basel III-compliant Tier 2 instruments

A-

28.9.17

 

Fitch

Rating

Last rating change

Status / outlook

Issuer Rating

AA-

25.9.17

Stable

Short-Term Debt Rating

S-1+

25.9.17

Stable

Basel III-compliant Tier 2 instruments

A-

25.9.17

 

Scope Ratings

Rating

Last rating change

Status / outlook

UBS Limited

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty
Credit Rating

A+

6.6.16

Stable

Short-Term Counterparty
Credit Rating

A-1

19.12.08

 

Long-term senior debt rating

Aa3

18.6.18

Stable

Short-term debt rating

P-1

18.10.02

 

Counterparty risk rating

Aa2(cr)

18.6.18

 

Moody's

Rating

Last rating change

Status / outlook

Long-Term Issuer
Default Rating

AA-

28.9.17

Stable

Short-Term Issuer
Default Rating

F1+

28.9.17

 

Fitch

Rating

Last rating change

Status / outlook

UBS Europe SE

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty
Credit Rating

A+

26.6.18

Stable

Short-Term Counterparty
Credit Rating

A-1

26.6.18

 

Moody's

Rating

Last rating change

Status / outlook

Long-term senior debt rating

(P)Aa3

26.6.18

 

Short-term debt rating

(P)P-1

26.6.18

 

Counterparty risk rating

(P)Aa2(cr)

26.6.18

 

Fitch

Rating

Last rating change

Status / outlook

Long-Term Issuer
Default Rating

AA-

26.6.18

Stable

Short-Term Issuer
Default Rating

F1+

26.6.18

 

UBS Switzerland AG

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty
Credit Rating

A+

6.6.16

Stable

Short-Term Counterparty
Credit Rating

A-1

15.6.15

 

Long-Term Issuer
Default Rating

AA-

28.9.17

Stable

Short-Term Issuer
Default Rating

F1+

28.9.17

 

Fitch

Rating

Last rating change

Status / outlook

UBS Americas Holding LLC

Long-Term Counterparty
Credit Rating

A-

4.11.16

Stable

Short-Term Counterparty
Credit Rating

A-2

4.11.16

 

Standard & Poor's

Rating

Last rating change

Status / outlook