Credit Suisse’s senior unsecured debt and deposit ratings have been lowered by Moody’s, the company announced on Tuesday.

“Moody’s Investors Service today lowered Credit Suisse AG (CSlong-term )’s senior unsecured debt and deposit ratings by one notch to A1 from Aa3,” the firm said in a statement. “At the same time, the rating agency affirmed Credit Suisse Group AG’s Baa1 senior unsecured debt ratings.” (Brenna Hughes Neghaiwi contributed reporting, and Riham Alkousaa edited the piece.)