Pictet corporate ratings
Rating agencies play a key role in the world of international finance by enabling financial institutions to evaluate the credit quality of their counterparties.
About our ratings
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.
These ratings attest to Pictet’s financial solidity. Our capital and liquidity bases are significantly larger than what is required by Swiss banking regulations, which are among the most stringent in the world. The high ratings additionally reflect Pictet’s consistent strategy and management, exemplary asset quality, high profitability and its position as one of the largest Swiss wealth and asset managers. Although these ratings are assigned to Banque Pictet & Cie SA and to Bank Pictet & Cie (Europe) AG, they are based on an assessment of the consolidated Group and thus reflect the credit strength of the firm as a whole.
You can find more details about our credit strength in our document about financial solidity and other protections for client assets.
Ratings of Banque Pictet & Cie SA
FitchRatings
| ITEM | RATING |
|---|---|
| Long Term Issuer Default Rating (LT IDR) | AA- |
| Short Term Issuer Default Rating (ST IDR) | F1+ |
| Viability Rating (VR) | aa- |
| Outlook | Stable |
Fitch LT IDR has remained unchanged since the rating was assigned in 2005.
Ratings affirmed
On 2 October 2025, Fitch Ratings has affirmed Banque Pictet & Cie SA’s (BPSA) Long-Term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook and Viability Rating (VR) at 'aa-'.
Extracts from the commentary
Banque Pictet & Cie SA (BPSA) is the Geneva-based main operating bank of the Pictet Group (Pictet). Its ratings are driven by the Group's stable wealth management-focussed business model, international brand recognition, conservative risk profile with little credit risk, strong profitability and robust capitalisation.
Pictet is one of Switzerland's largest wealth managers and an established asset manager. Its business model has generated a long record of strong and stable performance. Wealth management is confidence-sensitive, but the bank's long operating record, sound financial profile and strong liquidity demonstrate its ability to manage this risk extremely well.
The loan book is small and the securities and repo portfolios represent about half of total assets. Securities are highly rated sovereign, public sector and supranational debt.
Pictet's strong earnings and capital ratios provide a solid buffer against unexpected losses.
Moody’s
| ITEM | RATING |
|---|---|
| Long Term Deposit Rating | Aa2 |
| Short Term Deposit Rating | P-1 |
| Adjusted Baseline Credit Assessment | a1 |
| Outlook | Stable |
Moody’s Long Term Deposit Rating was assigned in 2009 and upgraded to Aa2 in 2015.
Periodic review
Moody’s Investors Service has maintained Pictet’s Aa2 deposit rating, with a stable outlook, as stated in a press release issued on 13 August 2025.
Extracts from the press release
Moody’s assesses Pictet to be a “conservatively managed Swiss private bank.”
Banque Pictet’s sizable liquid resources and strong capitalization are strong mitigants against the reputational, legal and operational risks as well as the short contractual tenor of predominantly uninsured deposits, which are typical characteristics of private banks.
Banque Pictet has an extended track record of successfully adapting its wealth management solutions for high net-worth and ultra-high net-worth customers to the evolving market environments, including an early focus on sustainability in investing as well as on private markets in recent years.
Ratings of Bank Pictet & Cie (Europe) AG
FitchRatings
| ITEM | RATING |
|---|---|
| Long Term Issuer Default Rating (LT IDR) | AA- |
| Short Term Issuer Default Rating (ST IDR) | F1+ |
| Outlook | Stable |
Ratings affirmed
On 2 October 2025, Fitch Ratings has affirmed Bank Pictet & Cie (Europe) AG’s (BPAG) Long-Term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook.
Extracts from the commentary
Bank Pictet & Cie (Europe) AG's IDRs are driven by its Shareholder Support Rating, which is aligned with the Long-Term IDR of BPSA, its sister bank.
Please refer to “Ratings of Banque Pictet & Cie SA” section for more details on the rating strength.