Ratings of Banque Pictet & Cie SA

Rating agencies play a key role in the world of international finance by enabling financial institutions to evaluate the credit quality of their counterparties.

According to FitchRatings and Moody’s Investors Service, two of the major international rating agencies, Pictet’s ratings, shown below, are among the highest in the banking industry.

Moody’s   Fitch  
Long Term Deposit Rating
 
Aa2 Long Term Issuer Default Rating (LT IDR) AA-
Short Term Deposit Rating P-1  Short Term Issuer Default Rating (ST IDR) F1+ 
Adjusted Baseline Credit Assessment a1 Viability Rating (VR) aa- 
Outlook Stable Outlook Stable

Comments

  • Fitch LT IDR has remained unchanged since the rating was assigned in 2005.
  • Moody’s Long Term Deposit Rating was assigned in 2009 and upgraded to Aa2 in 2015.

    These ratings attest to Pictet’s financial solidity. Our capital and liquidity bases are significantly larger than what is required by Swiss banking regulations, which are among the most stringent in the world. The high ratings additionally reflect Pictet’s consistent strategy and management, exemplary asset quality, high profitability and its position as one of the largest Swiss wealth and asset managers.

    June 2020

    Pictet’s ratings were reaffirmed by FitchRatings on 26 June 2020. The agency previously affirmed Pictet’s ratings in March, when it took rating action on several Swiss banking groups due to the disruption caused by the coronavirus pandemic. Moody’s Investors Service similarly kept on 26 March 2020 Pictet’s ratings untouched with a stable outlook through the pandemic.

    Such stability in ratings through the turmoil caused by the current health and market crisis, is evidence of Pictet’s strong financial position and the continuous excellence of its operations.

    Although the ratings are assigned to Banque Pictet & Cie SA, they are based on an assessment of the consolidated Group and thus reflect the financial strength of the firm as a whole.

    Fitch’s rating press release
    Learn more about Fitch’s rating definitions