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.

    March 2020

    Fitch and Moody’s confirmed Pictet’s ratings with stable outlook

    In a Covid-19 related review of European banks, both rating agencies recognised the financial solidity and resilience of Banque Pictet SA by affirming its ratings at current level with stable outlooks. In the related press release, Fitch particularly notes the high liquidity, asset quality and profitability of the Pictet Group, together with sound capitalisation.

    “The rating actions on Pictet […] reflect our expectation that this bank’s wealth management-focused business model will remain resilient to the economic and financial market downturn caused by the pandemic even in a severely stressed scenario.”

    — FitchRatings, from the press release “Fitch Takes Action on 7 Swiss Banking Groups on Coronavirus Disruption”, 31 March 2020

     

    Learn more about Fitch’s rating definitions