Media Release

CREDIT SUISSE AG Paradeplatz 8 Tel. +41 844 33 88 44 P.O. Box Fax +41 44 333 88 77 CH-8070 Zurich [email protected] Switzerland Rating Overview of Swiss Companies Company CS Rating CS Outlook Changes since June 2009 S&P Moody's ABB Low A Stable A–, Stable A3, Stable Adecco Mid BBB Negative Outlook changed from Stable to Negative BBB–, Stable Baa3, Stable AFG Low BBB Stable Outlook changed from Negative to Stable n.r. n.r. Alpiq High A Stable n.r. n.r. Aryzta High BBB Stable Coverage initiation n.r. n.r. Axpo Low AA Stable n.r. n.r. Bâloise Low A Stable A–, Stable1 n.r. BKW Low AA Stable n.r. n.r. –1 notch, outlook changed from Negative to Bobst Group Low BBB Stable n.r. n.r. Stable Bucher Industries High BBB Stable n.r. n.r. CKW n.r. n.r. Drop coverage Clariant High BB Stable BBB–, Stable Ba1, Stable Coop Low A Stable n.r. n.r. –1 notch, outlook changed from Stable to Edipresse High BB Negative n.r. n.r. Negative –1 notch, outlook changed from Negative to EGL Low A Stable n.r. n.r. Stable EMS Chemie Low A Stable Outlook changed from Negative to Stable n.r. n.r. Energiedienst Low A Stable n.r. n.r. EOS n.r. n.r. Drop coverage Flughafen Zurich Mid BBB Stable BBB+, Positive n.r. Forbo Mid BBB Stable n.r. n.r. Geberit High BBB Stable A–, Stable n.r. –2 notches, outlook changed from Negative to Georg Fischer Low BBB Stable n.r. n.r. Stable Outlook changed from Under Review to Givaudan High BBB Stable n.r. n.r. Stable Baa2, Glencore International Mid BBB Stable BBB–, Stable Negative Hilti High A Stable n.r. n.r. Outlook changed from Under Review to Holcim Mid BBB Stable BBB, Stable Baa2, Stable Stable Jelmoli n.r. n.r. Drop coverage Lindt & Sprüngli High A Stable n.r. n.r. Lonza Mid BBB Stable n.r. n.r. Migros High A Stable A, Stable n.r. Nestlé Mid AA Stable AA, Stable Aa1, Negative NOK n.r. n.r. Drop coverage Novartis Mid AA Stable AA–, Stable Aa2, Negative PSP Swiss Property Low A Negative n.r. n.r. Raiffeisen Switzerland Low AA Stable n.r. Aa1, Stable –1 notch, outlook changed from Negative to Rieter High BB Stable n.r. n.r. Stable Roche Low AA Stable AA–, Stable A2, Stable Schindler High A Stable n.r. n.r. Sika Low A Stable A–, Stable n.r. Skyguide AAA Stable n.r. n.r. SRG SSR idée Suisse n.r. n.r. Drop coverage Swisscom Mid A Stable A, Stable A2, Stable Swiss Life High BBB Stable BBB+, Stable2 n.r. Swiss Prime Site Mid BBB Stable Coverage initiation n.r. n.r. Swiss Re Low AA Stable Outlook changed from Negative to Stable A+, Stable A1, Stable Syngenta Mid A Stable A, Stable A2, Stable UBS High A Stable A+, Stable Aa3, Negative Valora Low BBB Stable n.r. n.r. Zurich Insurance High A Stable AA–, Stable3 A1, Stable3 n.r. = not rated 1Insurance Financial Strength (IFS) rating. This implies a BBB+ rating for senior bonds issued by Bâloise (note: the bonds are not rated by S&P). 2Insurance Financial Strength (IFS) rating. Swiss Life Holding rated BBB–, Stable 3Insurance Financial Strength (IFS) rating. Senior debt ratings one notch lower (i.e. A+, Stable at S&P and A2, Stable at Moody’s) to reflect subordination of senior debt holders to policyholders. Source: "Swiss Corporate Credit Handbook 2010" .

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