New York, January 11, 2016 -- Moody's Investors Service has upgraded -- by one notch -- the long-term ratings of UBS AG and affiliates, including the bank's long-term deposit rating to Aa3 from A1, its senior unsecured debt rating to A1 from A2, its standalone baseline credit assessment (BCA) to baa1 from baa2, its counterparty risk assessment of Aa3(cr) from A1(cr) and the rating on the senior unsecured debt of UBS Group Funding (Jersey) Limited guaranteed by the bank's parent holding company, UBS Group AG, to Baa2 from Baa3. The bank's short term ratings and counterparty risk assessment of Prime-1 and Prime-1(cr), respectively, were affirmed.

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