Standard & Poor’s raises its long-term credit rating on BCV from A+ (stable) to AA- (stable)

Rating agency Standard & Poor’s has today announced its decision to raise BCV’s long-term credit rating from A+ (stable) to AA- (stable) and its short-term rating from A-1 to A-1+. This follows Standard & Poor’s decision to upgrade the Canton of Vaud’s long-term rating from AA- to AA.

Given the currently uncertain outlook for the financial markets, BCV’s management welcomes today’s announcement, which also reflects the successes achieved in the on-going transformation of the Bank since 2003 and the Bank’s strong financial position today.

Lausanne, Switzerland, 2 December 2008

Contact(s)

Paul Coudret, Press Relations
Phone +41 21 212 22 51
E-mail

Wilhelm Blaeuer, Investor relations
Phone + 41 21 212 20 71
E-mail

The above text is a translation of the original French document; only the French version is authoritative.

This press release is being issued outside the trading hours of the SIX, Swiss Exchange in order to comply with the principles of ad hoc disclosure pursuant to the SIX listing rules.