New York, January 11, 2016 -- Moody's Investors Service has downgraded -- by one notch --the long-term ratings of Credit Suisse AG and affiliates, including the bank's long-term deposit rating to A1 from Aa3, its senior unsecured debt rating to A2 from A1, its standalone baseline credit assessment (BCA) to baa2 from baa1, its counterparty risk assessment to A1(cr) from Aa3(cr) and the rating on the senior unsecured debt of Credit Suisse Group Funding (Guernsey) Limited guaranteed by the bank's parent holding company, Credit Suisse Group AG, to Baa3 from Baa2. The bank's short term ratings and short term counterparty risk assessment of Prime-1 and Prime-1(cr), respectively, were affirmed.

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