As S&P Downgrades Credit Suisse, Middle East Owners Could Own More of the Bank

Posted on 11/02/2022

As Credit Suisse Group AG moves closer to junk bond status, a number of investors are rallying behind the troubled Swiss bank. S&P downgraded Credit Suisse to BBB-, which is one level above junk status. Last week, Credit Suisse claims it will raise roughly US$ 4 billion in new capital. The Financial Times reported that…

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