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For the sixth year running, FitchRatings has awarded Pictet & Cie an AA- long-term rating and confirmed its "stable" outlook for the Bank. 

In a statement published on 12 August, FitchRatings confirmed Pictet & Cie's ratings as follows:

• Long Term Issuer Default Rating: AA-
• Short Term Issuer Default Rating: F1+
• Individual Rating: A/B
• Outlook: Stable

These ratings reflect the traits that set Pictet apart, as we can read it in the statement: low risk appetite and exposure, diverse and recurring earnings base, strong liquidity base and sound capitalisation. They also reflect the Bank’s outstanding reputation in the areas of private wealth management and institutional asset management.

FitchRatings believes that Pictet is better positioned than many of its peers. It has made considerable investments to extend its global presence and has considerably expanded its non-European client base. 

Learn more in the FitchRatings press release

For the third year running, Moody's has awarded Pictet & Cie an Aa3 long-term rating, thereby confirming its stable outlook for the Bank.

Pictet's credit strengths according to Moody's

• The bank has well-established franchise in Swiss and international on- and off-shore wealth management, complemented by a robust market position in asset management.
• The bank's consevative risk appetite and culture is complemented by appropriate risk-management capabilities. 
• Business risk is moderate and the financial profile is solid, in addition to solid economic and regulatory capitalisation, sound asset quality and robust liquidity. 
• The bank's financial performance has a high degree of predictability. 
• Strong generation of operating cash flows and earnings. 
• A relatively strong strategic position compared with other Swiss private banks, stems from its size, geographical footprint and financial strength and cash flows.