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

From our sponsors

Change the world with a master’s degree from Sweden’s Linköping University

Master’s students at world-leading Linköping University (LiU) aren’t there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?