Switzerland’s credit rating remains excellent, according to the credit rating agency Fitch. The country scored
well in part to its prudent economic and fiscal policies.
The rating agency Fitch affirmed Switzerland’s solid credit rating with its highest ‘AAA’ and the country’s outlook
remains stable, writes Fitch in a press release. The solid rating is due to its prudent economic and fiscal policies,
diversified and wealth economy, and high levels of human development.
Switzerland surpasses other 'AAA'-rated countries on most key indicators. For instance, the country’s GDP is 1.5
times the 'AAA' median.
According to the press release, Fitch expects the Swiss economy to recover from the strong franc. It forecasts GDP
growth of 1.2 per cent in 2016 and 1.7 per cent in 2017. Its forecast assumes “robust private consumption” and an
increase in investment.
One of its key assumptions is that Switzerland and the EU will not allow “a costly rupture of economic relations”,
even if they are unable to agree on how to implement Switzerland’s popular initiative to curb mass immigration,
approved by 50.3 per cent of the electorate in February 2014.