Fitch has upgraded UBS's outlook from "stable" to "positive," maintaining its long-term Issuer Default Rating at "A." This upgrade reflects UBS's strong capital position, effective risk management, and the swift integration of Credit Suisse, which is expected to enhance operational efficiency.The bank's CET1 ratio is projected to remain above 14%, providing a solid buffer during the integration process. If UBS successfully completes this merger, a further rating upgrade could be on the horizon by the end of 2026, while operational challenges could pose risks to its current standing.