Fitch rates UBS Group Funding note program A

Fitch Ratings said it assigned UBS Group Funding (Switzerland) AG's senior debt program ratings of A/F1.

The program is irrevocably and unconditionally guaranteed by UBS Group AG (A/positive/F1), the group's holding company. The ratings are program ratings and do not necessarily apply to all the notes issued under it.

UBS Group Funding (Switzerland) is a wholly owned direct subsidiary of UBS Group AG and a Swiss special purpose vehicle. The agency expects it to substitute UBS Group Funding (Jersey) Ltd. as the senior debt-issuing vehicle of UBS Group AG in the second quarter.

The program ratings are in line with the long- and short-term issuer default ratings of UBS Group AG, the guarantor of the notes. Fitch last affirmed UBS Group AG's long- and short-term issuer default ratings on Dec. 13.

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