Notation Aaa

Les emprunts en circulation de la Centrale de lettres de gage des banques cantonales suisses SA ont reçu la note Aaa de Moody's Investors Service, Inc.

Extrait du rapport de l'agence de notation Moody's:

"The Aaa ratings for the covered bond issues of Pfandbriefzentrale der Schweizerischen
Kantonalbanken are based on four layers of security for Pfandbriefe (covered bonds):
Pfandbriefzentrale's own resources, the financial strength of member banks,
guarantees/support from the member banks's respective owners (the cantons) and the
member's asset pools. Consequently, Moody's believes that the default probability of any
of Pfandbriefzentrale's obligations is very remote."

Pfandbriefzentrale der schweizerischen Kantonalbanken
  - Le rapport 2005 complet de l'agence Moody's
Moody's assigns definitive Aaa-rating
  - Communiqué de Presse de l'agence de notation Moody's, 21.10.2010
Pfandbriefzentrale der schweizerischen
Kantonalbanken AG
Bahnhofstrasse 9
CH-8001 Zürich
Postfach
CH-8010 Zürich
Tel +41 44 292 27 78
Fax +41 44 292 31 24