UBS, RBS Ratings Lowered as Fitch Says More Than a Dozen Banks May Follow

10-14-2011 • Bloomberg

UBS AG (UBSN), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS) had long-term issuer default grades cut by Fitch Ratings, which put more than a dozen other lenders on watch negative as part of a global review. UBS’s long-