trending Market Intelligence /marketintelligence/en/news-insights/trending/Qs4v9R4o2XvWY24VkNHxXQ2 content esgSubNav
In This List

Fitch rates Switzerland-based Leonteq, unit

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Fitch rates Switzerland-based Leonteq, unit

Fitch Ratings assigned long- and short-term issuer default ratings of BBB-/F3 to Switzerland-based Leonteq AG and unit Leonteq Securities AG.

The outlook on the long-term ratings is positive.

The agency said the ratings reflect the sound financial metrics of Leonteq, including its adequate and improving capitalization, moderate credit risk exposure and comprehensive liquidity management. The ratings also took into account the company's moderate, albeit developing, franchise as well as exposure to concentration risk, particularly with regards to its relatively small number of structured product issuance partners.

The positive outlook, meanwhile, reflects Fitch's view that improved issuance partner diversification, enhanced scale, more efficient balance sheet utilization and consistent improvement in Leonteq's capital base in the next 12 to 18 months could lead to a one-notch upgrade in the company's long-term rating.

Based in Zurich, Leonteq offers investment products and related services through three segments of investment, banking and insurance and wealth planning.