Credit ratings

UBS's credit ratings from Standard & Poor's, Moody's and Fitch 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. A security rating is not a recommendation to buy, sell or hold securities and each rating should be evaluated independently of any other rating. 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any credit rating will remain in effect for any given period of time or that a rating will not be lowered, suspended or withdrawn entirely by the rating agency if, in the rating agency's judgment, circumstances so warrant.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  

BBB+ 12.2.15 Stable (9.6.15)

Short-Term Counterparty    
Credit Rating

A-2

12.2.15

Affirmed (9.6.15)
 

Fitch

Rating

Last rating change

Status / outlook

Long-Term Issuer              
Default Rating

A

12.2.15

Stable (12.2.15)

Short-Term Issuer             
Default Rating

F1

12.2.15

(12.2.15)

UBS AG

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty    
Credit Rating  

A 29.11.11 Stable (9.6.15)

Short-Term Counterparty    
Credit Rating

A-1

19.12.08

Affirmed (9.6.15)

Stand-alone Credit Profile a- 29.4.14 Affirmed (9.6.15)

Moody's

Rating

Last rating change

Status / outlook

Long-term deposit rating                 

A1

28.5.15

Stable (28.5.15)

Long-term senior debt rating

A2

21.6.12

Stable (8.7.15)

Short-term deposit rating

P-1

29.6.98

Affirmed (28.5.15)

Short-term debt rating P-1 29.6.98 Stable (8.7.15)
Counterparty risk rating A1(cr) 28.5.15 (28.5.15)
Baseline credit assessment baa2 21.6.12 Affirmed (28.5.15)

Fitch

Rating

Last rating change

Status / outlook

Long-Term Issuer              
Default Rating

A

13.10.11

Stable (16.5.13)

Short-Term Issuer             
Default Rating

F1

13.10.11

Affirmed (16.5.13)

Viability Rating a 17.4.13 Affirmed (16.5.13)

UBS Limited

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty    
Credit Rating  

A 29.11.11 Stable (9.6.15)

Short-Term Counterparty    
Credit Rating

A-1

19.12.08

Affirmed (9.6.15)
 

Moody's

Rating

Last rating change

Status / outlook

Long-term senior debt rating

A2

21.6.12

Stable (8.7.15)
Short-term debt rating P-1 18.10.02 Stable (8.7.15)

Fitch

Rating

Last rating change

Status / outlook

Long-Term Issuer              
Default Rating

A

13.10.11

Stable (16.5.13)

Short-Term Issuer             
Default Rating

F1

13.10.11

Affirmed (16.5.13)

UBS Switzerland AG

Standard & Poor's

Rating

Last rating change

Status / outlook

Long-Term Counterparty    
Credit Rating  

A 15.6.15 Stable (15.6.15)

Short-Term Counterparty    
Credit Rating

A-1

15.6.15

(15.6.15)

Fitch

Rating

Last rating change

Status / outlook

Long-Term Issuer              
Default Rating

A

15.6.15

Stable (15.6.15)

Short-Term Issuer             
Default Rating

F1

15.6.15

(15.6.15)