Stable outlook for Switzerland

London – Fitch Ratings has handed Switzerland its highest rating, and regards the country as having a stable economic outlook.

According to a Fitch Ratings press release, Switzerland’s Issuer Default Ratings have been affirmed with ‘AAA’, the best possible rating. The outlook for the Swiss economy is regarded as stable. “Switzerland is a highly advanced, well diversified and wealthy economy with strong governance and a track record of sound economic policy,” explains Fitch. Swiss public finances are considered strong compared with the other ‘AAA’ countries.

The Swiss banking system is also regarded as strong and in a good position. Nonetheless, Fitch warns that problems could arise from overheating in the real estate market or unexpected losses on trading and international lending portfolios.

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