S&P Global Ratings has lowered its outlook on UBS Group to negative from stable because of concerns related to the Swiss bank’s ability to integrate Credit Suisse.
“We see material execution risk in UBS’ integration of Credit Suisse,” the ratings firm said in a note, pointing to Credit Suisse’s “size, complexity, and risk profile”.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
