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Fitch Affirms Switzerland at 'AAA'; Outlook Stable

From fitchratings.com

Switzerland's 'AAA' ratings and Stable Outlook reflect its diversified and high-value added economy (GDP per capita is 1.3x the 'AAA' median) and strong governance and human development indicators. The rating is supported by Switzerland's very large net external creditor position, high current account surpluses, and the global reserve currency status of the Swiss franc. It also reflects a track record of stable and prudent economic and fiscal policy, and general government debt/GDP that is below the current 'AAA' median and on a downward trend. While the banking sector's size (with assets equivalent to around 350% of ... (full story)

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