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BRIEF-S&P affirms Switzerland at 'AAA/A-1+' with stable outlook
May 19, 2017 / 3:43 PM / 4 months ago

BRIEF-S&P affirms Switzerland at 'AAA/A-1+' with stable outlook

May 19 (Reuters) - S&P:

* Switzerland ratings affirmed at ‘AAA/A-1+'; outlook stable

* Stable outlook reflects expectation Swiss economy to continue to adjust to strong Swiss franc, policymaking to remain effective over next 2 years

* Says expect GDP to expand by 1.6 percent in 2017 and 1.7 percent in 2018

* Expect the Swiss economy will post “sound growth rates” and budgetary surpluses in 2017-2020

* Aftershocks from U.K.'s expected 2019 departure from single trading bloc could drag on gross value added in Switzerland's financial, business sectors Source text - (bit.ly/2pTyOJ2)

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