TEXT-Fitch assigns Swiss covered bonds D-caps and outlooks

Sept. 14 - Fitch Ratings has assigned UBS AG's (UBS, 'A'/Stable) and Credit Suisse AG's (CS, 'A'/Stable) mortgage covered bonds Discontinuity Caps (D-Caps) following the publication of the agency's updated Covered Bonds Rating Criteria. Fitch has assigned a Stable Outlook to both programmes' 'AAA' rated covered bonds. The Stable Outlooks reflect the Stable Outlook on the sovereign's and issuers' Issuer Default Ratings (IDR) as well as Fitch's expectation that both the asset performance and ov