UBS note lowered by Fitch, others to follow; Spain lowered

14th October 2011, Comments 0 comments ZURICH, SWITZERLAND - Ratings agency Fitch says 14 October it has lowered the credit rating of Switzerland’s largest bank, UBS, by one notch, from A+ to A, citing reduced backing by the Swiss government. The change was one of scores by Fitch, with several French and British banks also targeted. The agency notes that UBS [...]

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