Moody's affirms ratings of UBS, changes outlook to negative

It changed the outlooks on its long term deposit and senior unsecured ratings to negative from stable

Logos of UBS and Credit Suisse banks are seen in Zurich Credit: Reuters Photo

Moody's on Tuesday affirmed the ratings of UBS Group AG and changed the outlooks on its long term deposit and senior unsecured ratings to negative from stable, following the company's acquisition of Credit Suisse Group AG.

Also Read — UBS takes over Credit Suisse in move to calm the markets