Bloomberg News

UBS Long-Term IDR Cut to A From A+ by Fitch; Outlook Stable

October 13, 2011

Oct. 13 (Bloomberg) -- Fitch Ratings cut UBS AG’s long-term issuer default rating and revised its support rating floor to A from A+.

The outlook on the long-term IDR is Stable. The agency said in a statement it also lowered UBS’s short-term IDR to F1 from F1+. Fitch said the revision is part of its broader review of changing sovereign support in developed countries.

Link to Statement:{NSN LT0TJQ3PWT1C <GO>}

To contact the editor responsible for this story: Stefanie Batcho-Lino at sbatcholino1@bloomberg.net


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