S&P Global Ratings (S&P) has lowered the credit outlook of the Credit Suisse Group to “negative” from “stable”, stating that Credit Suisse is likely to suffer significant losses from the event of a fund's loss of credit. Archegos Capital Management hedge fund defaults to increase investment loan collateral

“The incident raised questions about the quality of risk management, risk requirements. And the return on risk of the Credit Suisse Group, "said S&P.

However, S&P retains the Credit Suisse's Long-Term Rating at BBB +.

Credit Suisse was one of the banks that suffered a blow as Archegos Capital Management borrowed from banks to invest in stocks and suffered losses. As a result, creditor banks demanded Archegos to deposit additional security. But the company defaulted on the increase of the security deposit, resulting in Archegos being forced to sell the shares it holds. สล็อตออนไลน์  This incident has affected many creditors banks. JPMorgan Chase & Co. expects a large number of related banks could have combined losses of $ 5 billion to $ 10 billion.