UBS tier two hammered by Moody’s downgrade threat
A threat by Moody’s on Thursday morning to downgrade UBS by three notches has knocked the shine off the Swiss bank’s groundbreaking tier two instrument, pushing the bonds down to a cash price of 97.5 on Thursday morning.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts