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These ratings attest to Pictet's solidity, which is generated among other factors by an equity base significantly larger than that required by Swiss banking regulations, already among the most stringent in the world.

In addition to the Bank's strong capital base, it also benefits from a virtual absence of proprietary positions, as well as the absence of long-term debt and of commercial banking activities.


Corporate ratings of the Pictet Group

The Pictet Group or one of the entities that form the Group regularly features in the ratings compiled by the main international agencies.

 

Fitch Ratings and Moody's

The rating agencies play a key role in the world of international finance in that they allow banking establishments and finance houses to see how the competition is performing.

According to two of the major international rating agencies, Pictet's ratings are very good and stand as follows.


Rating categories Fitch Moody's Comments
Short term F1+ Prime-1 Highest credit quality
Long term AA- Aa3 Very high credit quality
Individual rating
Bank financial strength		 A/B
---		 ---
B-		 Strong to very strong establishment
Perspective Stable Stable ---
 

FitchRatings - August 2011

For the sixth year running, FitchRatings has awarded Pictet & Cie an AA- long-term rating and confirmed its "stable" outlook for the Bank. 

"The affirmations reflect Pictet's low risk appetite and exposure, respected, broad international private banking and asset management (AM) franchises, diversified and resilient earnings base, strong liquidity profile and sound capitalisation. The ratings also take into account below-par net new money (NNM) flows, pressure on operating profitability from the strongly appreciating Swiss franc (CHF), regulatory and political pressures in the increasingly competitive Swiss offshore wealth management industry and well-controlled exposure to operational and reputation risks."


More in the Fitch Ratings press release


Moody's - August 2011

For the third year running, Moody's has awarded Pictet & Cie an Aa3 long-term rating, thereby confirming its stable outlook for the Bank.

 

Pictet's credit strengths according to Moody's

  • The bank has well-established franchise in Swiss and international on- and off-shore wealth management, complemented by a robust market position in asset management.
  • The bank's consevative risk appetite and culture is complemented by appropriate risk-management capabilities. 
  • Business risk is moderate and the financial profile is solid, in addition to solid economic and regulatory capitalisation, sound asset quality and robust liquidity. 
  • The bank's financial performance has a high degree of predictability. 
  • Strong generation of operating cash flows and earnings. 
  • A relatively strong strategic position compared with other Swiss private banks, stems from its size, geographical footprint and financial strength and cash flows.