Switzerland's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

UBS shares suffer after ratings downgrade

Share this article

10:59 CET+01:00

Shares in Swiss banking giant UBS tumbled in early trade after ratings agency Standard and Poor's downgraded its rating on Tuesday.

Shares in UBS had fallen by 2.34 percent on the Swisss stock exchange at 10am, news agency ATS reports.

Standard and Poor's on Tuesday downgraded the bank's rating from A+ to A as part of a wider revision affecting 37 of the world's largest banks.

 
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

This cloud-based agency takes remote working to the next level

Be honest, who hasn’t dreamed of working remotely with all the perks of employment? If you’ve got the skills, you only need to look UP to make that dream a reality.