July 2 (Reuters) - Standard & Poor's Ratings Services onTuesday said it lowered its long-term counterparty creditratings on Barclays Bank PLC, Credit Suisse AG andDeutsche Bank AG to A from A-plus.
S&P also affirmed the A/A-1 long-, and short-term ratings ofUBS AG.
The outlooks on all these banks are stable.
The rating actions are based on the "increasing risks thatEurope's large banking groups active in investment banking faceas regulators and uncertain market conditions continue to makeoperating in the industry more difficult," S&P said.
S&P will hold a live online discussion and webcast on theseactions on July 3 at 9 a.m. EDT, 2 p.m. BST, 3 p.m. CEST.