Fitch revises UBS outlook to stable

Fitch Ratings said it revised UBS Group AG's, UBS AG's and UBS Switzerland AG's outlooks to stable from negative. The agency also affirmed UBS Group's long-term issuer default rating at A+ and UBS AG's and UBS Switzerland's long-term IDRs at AA-.

“The outlook revisions reflect our view that UBS Group's strong company profile and low balance-sheet risk should allow the group to generate sound operating returns and maintain capitalization at a level commensurate with the a+ VR even under a range of downside scenarios to our current baseline,” Fitch said in a press release.

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