06.10.2016 19:34:00

Julius Baer Group Ltd. -- Moody's downgrades Julius Baer Group's high-trigger AT1 securities by one notch to Baa3(hyb)

Frankfurt am Main, October 06, 2016 -- Moody's Investors Service has today downgraded Julius Baer Group Ltd.'s (JBG or the group; issuer rating A3 negative) SGD450 million high-trigger Additional Tier 1 (AT1) securities to Baa3(hyb) from Baa2(hyb) because of a larger-than-anticipated deterioration of the group's transitional Common Equity Tier 1 (CET1) ratio, significantly reducing the buffer to the instruments' 7.0% CET1 trigger level.

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