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remain in effect for any given period of time or that a rating will not be reviewed, revised, lowered, suspended or withdrawn entirely by the rating agency if, in the rating agency's judgment, circumstances so warrant.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

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Counterparty
Credit Rating

Rating

A-

Last rating change

6.6.16

Status / outlook

Stable

Item

Short-Term Counterparty
Credit Rating

Rating

A-2

Last rating change

12.2.15

Status / outlook

 

Item

Unsupported Group Credit Profile

Rating

a

Last rating change

6.6.16

Status / outlook

 

Item

High-trigger additional Tier 1 instruments

Rating

BB

Last rating change

29.1.18

Status / outlook

Stable

Fitch

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Issuer Default Rating

Rating

A+

Last rating change

28.9.17

Status / outlook

Negative

Item

Short-Term Issuer Default Rating

Rating

F1

Last rating change

12.2.15

Status / outlook

 

Item

Additional Tier 1 instruments

Rating

BBB

Last rating change

28.9.17

Status / outlook

 

UBS AG

Standard & Poor's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Counterparty Credit Rating

Rating

A+

Last rating change

6.6.16

Status / outlook

Stable

Item

Short-Term Counterparty Credit Rating

Rating

A-1

Last rating change

19.12.08

Status / outlook

 

Item

Stand-alone Credit Profile

Rating

a

Last rating change

6.6.16

Status / outlook

 

Item

Basel III-compliant Tier 2 instruments

Rating

BBB+

Last rating change

6.6.16

Status / outlook

 

Moody's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-term deposit rating

Rating

Aa2

Last rating change

18.6.18

Status / outlook

Stable

Item

Long-term senior debt rating

Rating

Aa3

Last rating change

18.6.18

Status / outlook

Stable

Item

Long-term counterparty risk rating

Rating

Aa2

Last rating change

18.6.18

Status / outlook

 

Item

Short-term deposit rating

Rating

P-1

Last rating change

29.6.98

Status / outlook

 

Item

Short-term debt rating

Rating

P-1

Last rating change

29.6.98

Status / outlook

 

Item

Short term counterparty risk rating

Rating

P-1

Last rating change

18.6.18

Status / outlook

 

Item

Baseline credit assessment

Rating

a3

Last rating change

18.6.18

Status / outlook

Stable

Fitch

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Issuer Default Rating

Rating

AA-

Last rating change

28.9.17

Status / outlook

Negative

Item

Short-Term Issuer Default Rating

Rating

F1+

Last rating change

28.9.17

Status / outlook

 

Item

Viability Rating

Rating

a+

Last rating change

28.9.17

Status / outlook

 

Item

Derivative Counterparty Rating

Rating

AA-(dcr)

Last rating change

21.6.18

Status / outlook

 

Item

Basel III-compliant Tier 2 instruments

Rating

A-

Last rating change

28.9.17

Status / outlook

 

UBS Europe SE

Standard & Poor's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Counterparty Credit Rating

Rating

A+

Last rating change

26.6.18

Status / outlook

Stable

Item

Short-Term Counterparty Credit Rating

Rating

A-1

Last rating change

26.6.18

Status / outlook

 

Moody's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-term deposit rating

Rating

Aa3

Last rating change

1.3.19

Status / outlook

Stable

Item

Long-term senior debt rating

Rating

Aa3

Last rating change

1.3.19

Status / outlook

Stable

Item

Long-term counterparty risk rating

Rating

Aa2

Last rating change

1.3.19

Status / outlook

 

Item

Short-term deposit rating

Rating

P-1

Last rating change

1.3.19

Status / outlook

 

Item

Short-term debt rating

Rating

P-1

Last rating change

1.3.19

Status / outlook

 

Item

Short term counterparty risk rating

Rating

P-1

Last rating change

1.3.19

Status / outlook

 

Item

Adjusted baseline credit assessment

Rating

a3

Last rating change

1.3.19

Status / outlook

Stable

Fitch

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Issuer Default Rating

Rating

AA-

Last rating change

26.6.18

Status / outlook

Negative

Item

Short-Term Issuer Default Rating

Rating

F1+

Last rating change

26.6.18

Status / outlook

 

Item

Derivtive Counterparty Rating

Rating

AA-(dcr)

Last rating change

1.3.19

Status / outlook

 

UBS Switzerland AG

Standard & Poor's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Counterparty Credit Rating

Rating

A+

Last rating change

6.6.16

Status / outlook

Stable

Item

Short-Term Counterparty Credit Rating

Rating

A-1

Last rating change

15.6.15

Status / outlook

 

Fitch

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Issuer Default Rating

Rating

AA-

Last rating change

28.9.17

Status / outlook

Negative

Item

Short-Term Issuer Default Rating

Rating

F1+

Last rating change

28.9.17

Status / outlook

 

Item

Derivative Counterparty Rating

Rating

AA-(dcr)

Last rating change

21.6.18

Status / outlook

 

UBS Americas Holding LLC

Standard & Poor's

Item

Item

Rating

Rating

Last rating change

Last rating change

Status / outlook

Status / outlook

Item

Long-Term Counterparty Credit Rating

Rating

A-

Last rating change

4.11.16

Status / outlook

Stable

Item

Short-Term Counterparty Credit Rating

Rating

A-2

Last rating change

4.11.16

Status / outlook