The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The ratings are supported by a wealthy, diversified economy, low public debt and a strong external position. Financial imbalances and uncertainty around Swiss-EU relations represent credit challenges.

Monitoring review announcement

The ratings are supported by a wealthy, diversified economy, low public debt, and a strong external position. Financial imbalances and uncertainty around Swiss-EU relations represent credit challenges.

Monitoring review announcement.

Monitoring review announcement

Monitoring review announcement

Switzerland is set for sturdy growth of 2.4% this year and 2.0% in 2019, though further Swiss franc appreciation against the euro remains a risk should investors turn again to the currency to hedge against tensions in global trade and EU politics.

A diversified and wealthy economy, prudent fiscal management, strong external position, and deep capital markets support the rating. Adverse demographics, a large and concentrated banking sector, and exposure to real estate risk remain challenges.