High ratings, solidity and liquidity

Ratings

Rating agencies play a key role in the world of international finance by enabling financial institutions to evaluate the credit quality of debt issuers.

According to FitchRatings and Moody’s Investors Service, two of the major international rating agencies, Pictet’s ratings, shown below, are among the highest in the banking industry today.

These ratings attest to Pictet’s solidity and liquidity coverage. Our equity base and liquid assets are significantly larger than that required by Swiss banking regulations, already some of the most stringent in the world.


AAA			Aaa
AA+		JPMorgan DBS	Aa1
AA	JP Morgan RBC	Pictet RBC BMO	Aa2
AA-	Pictet BMO Nordea DBS	BNP Paribas Nordea Citi HSBC	Aa3
A+	BNP Paribas HSBC UBS Citi Standard Chartered	Bank of China MUFG Société Générale Crédit Suisse Standard Chartered Sumitomo	A1
A	Bank of China MUFG Société Générale Sumitomo Crédit Suisse	Banco Santander	A2
A-	Banco Santander	Deutsche Bank	A3
BBB+		Intesa Sanpaolo	Baa1
BBB	Deutsche Bank Intesa Sanpaolo		Baa2

Source: Bloomberg, based on latest available ratings as at 31 Dec 2019

Fitch's long-term AA- rating of Pictet has remained unchanged since it was assigned in 2005. Moody's rating was assigned in 2009 and upgraded to Aa2 in 2015.


AAA			Aaa
AA+			Aa1
AA	RBC		Aa2
AA-	Pictet JPMorgan DBS Nordea BMO		Aa3
A+	BNP Paribas UBS	Pictet DBS	A1
A	Société Générale MUFG Sumitomo Citibank Standard Chatered HSBC	JPMorgan	A2
A-	Crédit Suisse Banco Santander	RBC BMO MUFG Sumitomo HSBC Nordea	A3
BBB+		Bank of China BNP Paribas Banco Santander Standard Chartered	Baa1
BBB	Deutsche Bank Intesa Sanpaolo	Société Générale Crédit Suisse	Baa2
BB-		Intesa Sanpaolo	Baa3
N/E*	Bank of China	Deutsche Bank	N/E*

*Non-investment Grade Equivalent

Awards

Pictet is regularly recognized in the banking industry for how we help clients protect, grow and control their wealth.

About Pictet

Founded in Switzerland in 1805, Pictet is one of the leading independent wealth and asset managers, with 28 offices worldwide and more than 30 years in Asia.